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Japan’s Carmakers Face $19 Billion in Losses from US Tariffs
Japan’s Carmakers Face $19 Billion in Losses from US Tariffs
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Japan’s automotive industry braces for significant financial strain as US tariffs threaten to erase $19 billion in profits. Toyota Motor Corp. anticipates the heaviest impact, with projected losses of $1.2 billion in April and May alone. Analysts warn the damage could escalate to $10.7 billion by fiscal year-end.
Nissan and Honda each forecast $3 billion losses, while Subaru confronts challenges with half its North American production at risk. Several manufacturers have suspended financial guidance as they reassess supply chains and consider relocating operations from tariff-affected regions.
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