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Toyota forecasts a 35% drop in profits as Trump’s auto tariffs begin to bite
fortune.com/asia/2025/05/08/toyota-forecasts-drop-profits-trump-auto-tariffs
Japanese auto giant Toyota forecast on Thursday a 35% year-on-year drop in net profit for the current financial year, citing Donald Trump's vehicle tariffs among other factors.
Carmakers have been among the hardest hit by the U.S. president's multi-pronged assault on free trade.
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This story appeared on fortune.com, 2025-05-08 07:29:40.