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Toyota cites tariffs as it forecasts 35% drop in 2025-26 net profit
japantimes.co.jp/business/2025/05/08/companies/toyota-profit-drop-forecast
Toyota on Thursday forecast a 35% year-on-year drop in net profit for 2025-26, citing U.S. President Donald Trump's vehicle tariffs among other factors.
Carmakers have been among the hardest-hit by Trump's multipronged assault on free trade.
On top of a 25% tariff already placed on…
This story appeared on japantimes.co.jp, 2025-05-08 06:36:00.