Reported 1 day ago
President Trump's tariffs are significantly impacting leading automakers, with a total loss of approximately $11.7 billion reported. Toyota has disclosed a loss of over $3 billion in its latest earnings due to tariffs, with other manufacturers like GM, Ford, and Honda also feeling the strain. While some automakers are considering increasing production in the U.S. to mitigate tariff effects, the costs associated with moving operations and potential price increases for consumers indicate that the tariffs will continue to affect the auto sector.
Source: YAHOO