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Toyota, world’s biggest carmaker, warns of unprecedented $9.5 billion profit hit from tariffs
Japan’s Toyota Motor said Thursday that it expected a profit hit of nearly $10 billion from President Donald Trump’s tariffs on cars imported into the United States, the highest such estimate yet by any company.
Toyota's net profit is expected to have fallen 42% to 775.40 billion yen, equivalent to $5.25 billion, for the three months ended June, according to a poll of analysts by Quick. That would compare ...
Analysts say Toyota, which has a plant on San Antonio’s South Side, is likely among the worst hit by the tariffs among global ...
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