The increases come after the president put new tariffs in place, but Toyota denies the tariffs are playing a direct role.

Toyota plans to raise prices across its lineup by an average of $270. Lexus, the company’s luxury arm, will see slightly ...

However, Toyota’s own comments on tariffs indicate that they may have played a role in this increase, or at the very least will impact future pricing strategies.

Japanese automakers, including Toyota, heavily depend on imports to supply the US market and have been dealing with the impact of tariffs on imported cars and parts imposed by President Donald Trump.

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Prices for Lexus models, Toyota's luxury brand, would also increase by an average of $208, he said.

Toyota is known for its high-quality cars, trucks, and SUVs for a low price, but according to a Reuters report, the company will be raising its prices soon.