Toyota Says Tariffs Will Erase $1.3 Billion in Profits in Just 2 Months

Toyota Says Tariffs Will Erase $1.3 Billion in Profits in Just 2 Months

The automaker’s somber forecast for the fiscal year underscored how quickly fortunes have turned for many companies reckoning with President Trump’s tariffs.
Global Automakers React to Trump’s 25% Tariff on Imported Cars

Global Automakers React to Trump’s 25% Tariff on Imported Cars

Ignoring diplomatic efforts and investment pledges, President Trump said he would impose tariffs that are expected to deal a blow to American neighbors and allies in Asia.