Reuters —

Japan’s Toyota Motor said Thursday that it expected a profit hit of nearly $10 billion from President Donald Trump’s tariffs on cars imported into the United States, the highest such estimate yet by any company.

The world’s top-selling car maker also cut by 16% its forecast for full-year operating profit, reflecting challenges for global manufacturers grappling with rising costs from US levies on cars, parts, steel and aluminum.

“It’s honestly very difficult for us to predict what will happen regarding the market environment,” Takanori Azuma, Toyota’s head of finance, said at a briefing, vowing to keep making cars for US customers, regardless of tariff impact.

Azuma said the 1.4 trillion yen ($9.5 billion) estimate also includes the fallout suppliers are facing, particularl

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