Trump’s tariffs hit Toyota profit, though its global sales grew

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TOKYO (AP) — Toyota’s profit fell 19% in the last fiscal year from a year earlier, as President Donald Trump’s tariffs bit into earnings at Japan’s top automaker. Toyota Motor Corp. reported a 3.85 trillion yen ($25 billion) profit for the fiscal year ended in March, down from nearly 4.8 trillion yen the previous fiscal year. The maker of the Camry sedan, Prius hybrid and Lexus luxury models said Friday that Trump’s tariff policies erased some 1.4 trillion yen ($9 billion) from its annual

Tag-uri: Donald Trump

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