Toyota reports a 37% drop in profit, cuts its forecast due to Trump's tariffs

Uncertain timeline for US auto tariff cut deepen Korean firms' concerns

Korea’s major carmakers and auto parts firms remain under pressure from a 25 percent U.S. tariff, even after the two countries signed a long-awaited agreement last week to reduce it to 15 percent. Major auto exporters, hit hard by the trade penalty in their second-quarter earnings, welcomed the reduced tariff rate. Hyundai Motor and Kia suffered operating profit losses of 828.2 billion won ($596 million) and 786 billion won, respectively. Howeve…

Toyota reports 37% drop in profit, cuts its forecast due to Trump’s tariffs

TOKYO —- Toyota's profit plunged 37% in the April-June quarter, the company said Thursday, cutting its full year earnings forecasts largely because of President Donald Trump's tariffs.

Toyota warns of £7.1bn hit from Trump tariffs as it cuts profit forecast

Japanese carmaker cuts operating profit guidance by 16% day after rival Honda reported 50% drop in profitsBusiness live – latest updatesToyota has warned it faces a 1.4tn yen (£7.1bn) hit from Donald Trump’s trade tariffs, as the Japanese company reported a drop in net profit and cut its guidance for next year.The biggest carmaker in the world said it expected to make an operating profit of 3.2tn yen in its financial year to March 2026, down 16%…

Japanese Automaker Toyota Cuts Profit Forecast Amid Trump Tariff Threat

The Trump administration in April imposed a 25 percent levy on Japanese cars imported into the United States, dealing a hefty blow to Japan and its crucial auto sector.

Toyota reports a 37% drop in profit, cuts its forecast due to Trump's tariffs

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Toyota reports a 37% drop in profit, cuts its forecast due to Trump's tariffs

Toyota has reported its profit plunged 37% in the April-June quarter and it lowered its full year earnings forecasts, largely because of President Donald Trump’s tariffs