Mitsubishi hiking prices on new US vehicles by average of 2.1%

Japanese automaker is latest to pass along higher costs from Trump tariffs

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Mitsubishi Motors announced price hikes for vehicles sold in the U.S. © Reuters

WASHINGTON (Reuters) -- Mitsubishi Motors said on Tuesday it was hiking prices of U.S. vehicles by 2.1% on average, the latest automaker to pass along cost increases to consumers as their expenses rise from the Trump administration's tariffs.

President Donald Trump in April imposed 25% tariffs on car imports from Japan and nearly all other countries, prompting Mitsubishi to suspend deliveries from ports to U.S. dealers. The Japanese automobile manufacturer said it resumed those deliveries last week.

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