Toyota, world’s biggest carmaker, warns of unprecedented $9.5 billion profit hit from tariffs
Briana Lupea
Tariffs Auto industry Japan Asia See all topics Facebook Tweet Email Link Link Copied! Follow Reuters — Japan’s Toyota Motor said Thursday that it expected a profit hit of nearly $10 billion from President Donald Trump’s tariffs on cars imported into the United States, the highest such estimate yet by any company. The world’s top-selling car maker also cut by 16% its forecast for full-year operating profit, reflecting challenges for global manufacturers grappling with rising costs from US
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