First, Toyota Motor Corp., which operates a massive manufacturing plant in Georgetown, Kentucky, doesn't seem inclined to raise prices in response to the policy. The Trump administration policy applies a 25% tariff on vehicles imported into the United States, followed later by a similar tariff on auto parts.

The Trump administration is planning to enact a 25% tariff on vehicles imported into the United States, followed later by a similar tariff on auto parts, sparking concerns about the impact on what consumers pay.

Toyota: The automaker has no plans to raise vehicle prices in the United States for now, even though the US remains its biggest market.