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Hotai Motor denies US import rumors as tax cuts boost Taiwanese car market

Amid the ongoing tariff negotiations between the US and Taiwan, Hotai Motor has denied recent reports that it plans to switch to importing Toyota Camry and new-generation RAV4 models from the US. In an October 7 statement, Hotai stressed that there is “no basis” for such claims, but would not rule out any possibilities pending final government policy decisions. In addition, the company highlighted that commodity tax reductions are already taking effect, and signs of a rebound are already apparent in Taiwan’s automotive market.