US EditionToyota: Trump tariffs will cost $1.3B over 2 months
- Toyota Motor Corp. Experienced a $1.3 billion decline in operating income during April and May 2025, primarily as a result of U.S. tariffs imposed on imported vehicles and automotive parts.
- The tariffs, enacted by the Trump administration in April 2024 at a 25% rate, along with a stronger yen, have caused Toyota to forecast a 20.8% drop in operating income for fiscal year 2025-26.
- Toyota employs about 64,000 people and operates 14 manufacturing plants in North America, including facilities in San Antonio producing pick-up trucks and SUVs.
- Toyota CEO Koji Sato emphasized the significant uncertainty caused by shifting global trade dynamics, making it challenging to predict how these changes will impact the automotive sector moving forward.
- Toyota’s 3.8 trillion yen profit forecast for the year ending March 2026 shows significant decline from 4.8 trillion yen last year, reflecting tariff effects that mirror challenges faced by other automakers.
33 Articles
33 Articles
Toyota estimates at least $1.25 billion tariff impact in April and May: Report
While President Donald Trump was touting his new trade deal with the U.K. and sending representatives to Switzerland to begin talks with China, Japan’s largest automaker, Toyota, revealed that the tariffs he imposed will cost it at least $1.25 billion in April and May. The Wall Street Journal reported that through the end of March, Toyota made 3.2 million vehicles in Japan and exported about 542,000 to the United States. Copy URL Sav…
Toyota is facing a $1.2 billion tariff bill
Toyota is facing a staggering $1.2 billion tariff bill, and that sum only includes tariff costs for April and May.The Japanese automaker released financial results on May 8, which the company said "tentatively factored in" the estimated costs of the Trump tariffs.In its FY2025 financial results, the company forecasted material costs for the coming year at 350 billion yen. But that number does not include an additional 180 billion yen for tariff …
Toyota: Trump tariffs will cost $1.3B over 2 months
Toyota released a report Thursday projecting that President Trump's sweeping tariffs, including automobile import taxes, would result in a $1.3 billion drop in profits for April and May. Trump earlier this year proposed a 25 percent tariff on foreign vehicles and car parts. Toyota, a Japanese-owned company, would be subject to any vehicle taxes — likely resulting in a trim to the manufacturer's earnings, per a financial summary. At the end of Ap…
Coverage Details
Bias Distribution
- 53% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
