The automaker’s somber forecast for the fiscal year underscored how quickly fortunes had turned for many companies reckoning with President Trump’s tariffs.

Toyota has become the hardest-hit automaker following U.S. auto tariffs. Bloomberg reported that Toyota faces a projected 1.2 billion USD loss just two months after President Donald Trump's tariff imposition.

Japanese automaker underscores impact of Trump's tariffs on imported vehicles by outlining hefty hit to profits.

Some companies have not spoken out about what tariffs are costing them, but they have announced some changes in the pricing of their products. Related: Apple CEO sends blunt message on tariffs impact Ford is one company that's been forced to take action in response to tariffs,

President Trump’s tariffs will cost Japan's largest carmaker an estimated $1.2 billion for April and May alone. Beyond that, Toyota Chief Executive Koji Sato said Thursday, it was “very difficult to forecast” because details of the tariffs were still fluid,

Tokyo: Toyota Motor Corp is the biggest carmaker in the world –and also the auto industry's biggest loser when it comes to projected losses from US President Donald Trump's trade war.

Toyota Motor Corp. said US President Donald Trump’s tariffs will result in a ¥180 billion ($1.3 billion) hit to operating income in just two months, with the Japanese carmaker joining a growing list of companies grappling with the fallout of trade turmoil.

TOKYO] Japan’s biggest carmakers are looking at a hit of more than US$19 billion from US President Donald Trump’s tariffs that have left the global auto industry reeling. Read more at The Business Times.

The first batch of car pricing data since new vehicle tariffs went into effect show an increase as a global trade war upends the industry.