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InsideEVs
InsideEVs
Technology

Toyota May Be Losing $1 Million An Hour Due To Trump’s Tariffs

The cloud of uncertainty is starting to fade around tariffs as automakers finally get a clearer picture of the impact. Tariffs are expected to cost Ford $1.5 billion and General Motors between $4-$5 billion this fiscal year. But the biggest impact could be on Toyota. One report indicates that the automaker might lose a million dollars every hour. Let that sink in.

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