Toyota tells US dealers Mexico tariffs could cost suppliers up to $1 billion

Robert "Bob" Carter, senior vice president of automotive operations at Toyota Motor Sales USA Inc., speaks during an event at the 2016 Consumer Electronics Show (CES) in Las Vegas, Nevada, U.S., on Tuesday, Jan. 5, 2016.

David Paul Morris | Bloomberg | Getty Images

Toyota Motor has told its U.S. dealers that it estimates tariffs on Mexican imports threatened by President Donald Trump could cost the automaker's major suppliers between $215 million and $1.07 billion, according to an email seen by Reuters.

The email, dated June 3, from Toyota's North American sales chief, Bob Carter, also told dealers that 65% of the Tacoma midsize pickup trucks the Japanese automakers plans to sell in the U.S. market in 2019 will be imported from its plant in Baja, Mexico.

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