Toyota: Tariffs Cost $1.3B Profit
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tariffsCBS News
•Technology
Technology
Toyota says President Trump's tariffs will cost automaker $1.3 billion

72% Informative
Toyota highlighted the levies' hit to profits at a press briefing on Thursday on its fiscal year which ended March 31, 2025 .
The company said during the briefing that it expects the tariffs to cost it $1.3 billion in April and May alone.
Other industry players have also spelled out the tariffs' effects on businesses and consumers.
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