Toyota is facing a staggering $1.2 billion tariff bill, and that sum only includes tariff costs for April and May.
The Japanese automaker released financial results on May 8, which the company said "tentatively factored in" the estimated costs of the Trump tariffs.
In its FY2025 financial results, the company forecasted material costs for the coming year at 350 billion yen. But that number does not include an additional 180 billion yen for tariff impacts.
To put these numbers in perspective, Toyota reported a net profit for the year of $32.7 billion (through March). The ...
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