Toyota warns profits set to fall 21% as Trump tariffs take their toll

Toyota says President Trump's tariffs will cost automaker $1.3 billion

Japanese automaker underscores impact of Trump's tariffs on imported vehicles by outlining hefty hit to profits.

From Apple to GM, tariffs to cost companies tens of billions

(Bloomberg/Sarah Frier and Chester Dawson) — From Apple Inc. to General Motors Co., corporate America is bracing for tens of billions of dollars in damages from Trump’s trade war — and that’s before most affected goods have landed. Among US companies that have disclosed financial projections so far, GM sees a $5 billion hit this year, while Apple expects $900 million in higher costs in the current quarter. Nvidia is taking a $5.5 billion charge …

Toyota says its tariff cost will reach $1.2 billion for April and May alone

The world’s top automaker said its operating profit could face an 800 billion yen ($5.5 billion) hit from tariffs in 2025....

Japan's top business lobby head warns of fallout from US tariffs

TOKYO (Kyodo) -- The head of Japan's largest business lobby on Wednesday expressed concern over weakening corporate sentiment at home amid fears that

Toyota sees $1.3B profit hit from Trump tariffs in 2 months

Toyota executives predict President Donald Trump's automobile tariffs will cost the company $1.3 billion in April and May earnings. The automaker, which reported its highest-ever annual profit last year, according to the New York Times, expects profit to decline by roughly 20% in the current fiscal year, it said on Thursday.The world's top-selling car manufacturer said it expected operating income to total 3.8 trillion yen ($26 billion) in the y…

Toyota says tariffs will cost it $1.3 billion in 2 months

Toyota Motor (TM) expects its profits to fall 21% this fiscal year due to the repercussions of President Donald Trump’s trade war.Read more...