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I'm not 100% sure but I believe this is a Tire Pressure Warning Sensor. In the Highlander it is measured indirectly by tire rotation using the ABS Speed Sensor. The reset is located under the dash above where your left knee would be in the drivers seat.

This is the check tire pressure light. you either have a low tire or bad sensors. Toyota sensors have a problem where if the tires are under 35psi the light eventually comes on, even if their recommended pressure is 30. The spares on the suvs may also have a sensor. If the valve stem looks like aluminum it has a sensor in it, be careful with these as they are very expensive to replace.

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Q: What does the exclamation point mean in a Toyota Highlander?
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