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Benzinga
Benzinga
Business
Jeannine Mancini

Toyota, World's Top-Selling Automaker, Anticipates $9.5 Billion Profit Hit From Tariffs — 'Very Difficult For Us To Predict What Will Happen'

Toyota Tokyo

Tariffs aren't just a nuisance for U.S. importers—they're now threatening to carve a massive chunk out of Toyota's (NYSE:TM) profits. 

The world's top-selling automaker says U.S. import duties on cars, parts, steel, and aluminum will slash operating profit by roughly $9.5 billion.

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