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Toyota warns profits set to fall 21% as Trump tariffs take their toll

7 May 2025
in World
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Toyota warns profits set to fall 21% as Trump tariffs take their toll
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Toyota has projected a 21% decline in operating profits for the fiscal year, forecasting ¥3.8tn ($26bn) due to the impact of Donald Trump’s trade tariffs, which could cost the company ¥180bn for April and May. Amid these challenges, Toyota is considering a $42bn buyout of Toyota Industries, led by Akio Toyoda, which has led to a significant increase in its shares. This strategy may prompt other industrial groups to explore similar acquisitions as the global automotive industry navigates the uncertainty of evolving tariffs.

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Tags: fallprofitssetTariffsTollToyotaTrumpWarns
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