Toyota faces biggest impact from Trump tariffs

Quick Summary:

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.

Japan’s chief trade negotiator, Ryosei Akazawa, said on April 30 that one unnamed Japanese automaker is currently losing around US$1mil per hour from the tariffs, citing a calculation made by an unidentified corporate executive.

Those talks started in February and it’s unclear when they will conclude with a deal.“When it comes to tariffs, the details are still incredibly fluid,” Toyota’s chief executive officer, Koji Sato, said last week after releasing the latest financial results.“It’s difficult to take steps or measure the impact.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaCanadaJapanMexicoUnited States

Topics: Trump Auto Toyota Tariffs Tariff Wars /Business/Business News Impact

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-13 @ 07:00:00 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 910 words

Reading Time: 6 minutes read

Sentences: 33 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © The Star

News ID: 28645763

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