Toyota’s Q1 2025/26 report, published 7 August, forecast that US import tariffs will deal a JP¥1.4tr (US$9.5bn) blow to its FY2026 result. This figure assumes a 12.5% rate on Japanese automotive goods between August 2025 and March 2026, even though this is currently set at 15%, as well as the maintenance of 25% on Canadian and Mexican imports.
Subscribe to Automotive World to continue reading
Sign up now and gain unlimited access to our news, analysis, data, and research
Already a member?
