Toyota: Trump tariffs will cost $1.3B over 2 months

May 8, 2025 - 16:01
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Toyota: Trump tariffs will cost $1.3B over 2 months
Toyota released a report Thursday projecting that President Trump’s sweeping tariffs, including automobile import taxes, would result in a $1.3 billion drop in profits for April and May. Trump earlier this year proposed a 25 percent tariff on foreign vehicles and car parts. Toyota, a Japanese-owned company, would be subject to any vehicle taxes —…

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