> Toyota cites tariffs as it forecasts 35% net profit drop / 44WN3ZP
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Toyota cites tariffs as it forecasts 35% net profit drop / 44WN3ZP
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Japanese auto giant Toyota forecast a 35 percent year-on-year drop in net profit for the current financial year, citing Donald Trump's vehicle tariffs among other factors.
"Negotiations between governments are ongoing, and details are still fluid. At this moment, it is still difficult to predict the future," says Toyota's president and CEO Koji Sato. IMAGES AND SOUNDBITES