Toyota announced a projected $9.5 billion reduction in profits this year due to Trump tariffs on imported vehicles. This estimate represents the highest forecast impact among automakers regarding tariffs. Consequently, Toyota has adjusted its full-year operating profit forecast downward by 16%, expecting a total of $21.7 billion. Honda, Nissan, GM, Ford, and Stellantis have also adjusted their profit expectations downward due to similar tariff impacts, citing substantial losses ranging from $2 billion to $5 billion.
Toyota estimates a $9.5 billion profit reduction this year due to Trump tariffs on imported cars, representing the largest impact forecast among major automakers.
The automaker forecasts a 16% cut in its full-year operating profit, now expecting an operating profit of $21.7 billion after tariff impacts.
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