Facing US tariff threat, Toyota warns car costs could rise

Toyota on Friday said higher U.S. auto tariffs would ramp up the cost of vehicles produced locally along with those imported to the United States from Japan, which would have a "big impact" on its bottom line.

Like its global rivals, Toyota is bracing for the possibility of a rise in U.S. auto import tariffs, which could cloud its outlook as it would raise the cost of selling vehicles in the world's second-biggest vehicle market. Such uncertainty took the shine off strong quarterly results announced Friday.