Toyota will raise U.S. vehicle prices starting July due to new tariffs from the Trump administration, highlighting trade policy impacts on the auto industry.

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.

June 20 (Reuters) - Japanese carmaker Toyota Motor (7203.T) said on Saturday it will raise prices for some vehicles sold in the United States by an average of $270 starting in July.

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.

While the price increase could be seen as a response to the 25% duties Trump has placed on auto imports, Toyota insists that the move is just part of its regular price review process.

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The Toyota Alphard ranges from around $35,000 up to $74,000, and Toyota has likely never brought it to the U.S. due to an almost nonexistent market.