Toyota's Q1 net profit falls by 37% on hit from Trump tariffs
YUICHI SHIGA
TOKYO -- Toyota Motor posted a net profit of 841 billion yen ($5.7 billion) for the April-June quarter on Thursday, down 36.9% from the same period last year, reflecting the impact of the additional 25% tariff on automobiles imported to the U.S. imposed by U.S. President Donald Trump in April.
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