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Home » Toyota faces biggest hit from Trump tariffs among automakers

Toyota faces biggest hit from Trump tariffs among automakers

Toyota sees a $1.2 billion profit drop in just two months

Bloomberg NewsbyBloomberg News
May 12, 2025
in Risk Management
Reading Time: 4 mins read
0
Toyota RAV4 vehicles at the Port of Nagoya in Japan. Photographer: Toru Hanai/Bloomberg

Photographer: Toru Hanai/Bloomberg

Toyota Motor Corp. is the biggest carmaker in the world — and also the auto industry’s biggest loser when it comes to projected losses from US President Donald Trump’s trade war. Duties on imported cars and auto parts forced General Motors Co. to slash its full-year profit guidance by as much as $5 billion, while […]

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