Automaker Toyota said in a statement on Wednesday that a 25 percent tariff on automobiles would increase the cost of every vehicle sold in the United States.
In May, President Donald Trump directed the Commerce Department to investigate whether car imports were a threat to national security. Commerce Secretary Wilbur Ross has said the investigation would be completed later in the summer, possibly as soon as July.
“A hundred and thirty-seven thousand Americans support their families working for Toyota, and Toyota and Lexus dealerships," the company said in the statement. "They are not a national security threat. Indeed, Toyota operates 10 manufacturing plants in the U.S. We are an exemplar of the manufacturing might of America."
The company noted that the cost of the Toyota Camry, one of the most popular cars sold in America, would go up $1,800. The Camry is manufactured in a Toyota factory in Georgetown, Kentucky.