The biggest estimate of any firm to date, Toyota Motor of Japan, stated on Thursday that it anticipated a blow of around $10 billion from President Donald Trump’s tariffs on automobiles imported into the United States, highlighting mounting pressure on margins.
The top-selling automaker in the world also reduced its full-year operating profit prediction by 16%, which reflects difficulties faced by international manufacturers that must contend with growing expenses due to US taxes on steel, aluminum, automobiles, and parts.
Toyota’s chief of finance, Takanori Azuma, spoke at a conference and vowed to continue producing automobiles for US consumers despite the impact of tariffs, saying, “It’s honestly complicated for us to predict what will happen regarding the market environment.
Although he would not specify the percentage, Azuma stated that the 1.4 trillion yen ($9.50 billion) estimate also accounts for the consequences suppliers are experiencing, especially those in the US purchasing components from Japan.
Rivals have so far reported lesser tariff hits: Ford anticipates a $3 billion fall to full-year gross revenues, while GM projects a $4 billion to $5 billion blow. Toyota lowered its operating profit projection from 3.8 trillion yen to 3.2 trillion yen ($21.7 billion) for the fiscal year ending in March 2026.
Also Read:
Why Selena Gomez Wants Biscuits and Gravy” for her Wedding is Revealed
CBUAE Publishes Comprehensive Report on Progress Made Towards Issuing ‘Digital Dirham
