Trump tariffs shock: Toyota cuts full-year earnings forecast, Q1 net profit drops 37% to $5.7 billion. Here’s why

Toyota slashed its full-year earnings forecast on Thursday, 7 August 2025, primarily due to the 15% tariffs imposed by US President Donald Trump on all imports, including cars and auto parts from Japan. 

​Toyota slashed its full-year earnings forecast on Thursday, 7 August 2025, primarily due to the 15% tariffs imposed by US President Donald Trump on all imports, including cars and auto parts from Japan.