Story perspectives
Toyota Expands U.S. Production Amid Tariff Pressures
9/15/2025
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Story summary
- Toyota will boost U.S. vehicle production by building two new electric SUVs in Georgetown, Kentucky, based on the RAV4 and Land Cruiser with three rows of seating.
- This move aims to mitigate costs from President Trump's 25% tariff on foreign-made cars.
- Other automakers, including GM and Honda, are also shifting production to the U.S. due to rising costs.
- The average price of new vehicles has increased, with consumers spending over $49,000 last month.
- Tariffs are likely to raise auto costs, affecting both new and used car markets.
