Toyota Slashes Annual Profit Estimate Amid $9.5 Billion Tariff Hit
Toyota has just made a big move. Toyota cut its annual operating profit forecast by 16%, lowering it from ¥3.8 trillion to ¥3.2 trillion, which is approximately $21.7 billion. What’s behind this? A major $9.5 billion hit from global tariffs. This is a serious shift for one of the world’s top carmakers. Toyota is feeling…