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Toyota reports a significant drop in quarterly profit due to U.S. tariffs on Japanese exports.
Toyota reported a 37% drop in its quarterly profit to $5.7 billion, largely attributed to U.S. tariffs on Japanese exports.
Despite a 3% increase in sales, the company is now forecasting a full-year profit of $18 billion, down from an earlier estimate of $21 billion.
The tariffs cost Toyota $3 billion in operating profit for the quarter, with uncertainty over trade policies adding to the challenges.
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Toyota informa una caída significativa en el beneficio trimestral debido a los aranceles estadounidenses sobre las exportaciones japonesas.