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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 ...
Toyota's North American business swung to an operating loss of 63.6 billion yen in the first quarter, from profit of 100.7 billion a year earlier, as it took a hit of 450 billion from the tariffs.
Toyota said Thursday, while reporting fiscal first quarter results, that its full-year operating income forecast would be cut to 3.2 trillion yen ($21.74 billion), down 600 billion yen ($4.07 ...
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