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Toyota, World's Top-Selling Automaker, Anticipates $9.5 Billion Profit Hit From Tariffs — 'Very Difficult For Us To Predict What Will Happen'
Tariffs aren't just a nuisance for U.S. importers—they're now threatening to carve a massive chunk out of Toyota's (NYSE:TM) profits. The world's top-selling automaker says U.S. import duties on cars,
Toyota, world’s biggest carmaker, warns of unprecedented $9.5 billion profit hit from tariffs
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 Japanese automaker estimates that it will lose billions due to the impact of the Trump administration's tariffs.
KSAT reached out to Toyota on Thursday for a statement addressing the impact of the tariffs on its imported vehicles.
Major suppliers to Toyota Motor Corp. are assessing price hikes and changes to logistics to mitigate the impact of President ...
General Motors projects a $4 billion loss, Stellantis, the maker of Jeeps, said it anticipates tariffs will add $1.7 billion ...
Escalating U.S. tariffs under Trump are inflicting billions in losses on the global auto industry, hitting Japan’s Toyota and ...
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Global automotive leader Toyota loses 37% of its net profits due to tariffs in the last quarter
The world’s top carmaker reports major earnings damage following a turbulent quarter impacted by U.S. trade penalties.
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