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International Business Times

Business

US Tariffs Prompt Toyota Profit Warning

Toyota United States Honda Donald Trump Japan

US tariffs prompted Japanese auto giant Toyota on Thursday to cut its annual net profit forecast by 14 percent (Credit: AFP)

US tariffs prompted Japanese auto giant Toyota on Thursday to cut its annual net profit forecast by 14 percent.

The world's largest automaker by vehicle sales now expects a net profit of 2.66 trillion yen ($18.06 billion), down from 3.1 trillion yen previously forecasted.

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