Toyota reported a 37% profit decline in the April-June 2025 quarter and lowered its full-year earnings forecast, attributing the impact largely to tariffs imposed under President Donald Trump's administration.
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Toyota has reported its profit plunged 37% in the April-June quarter and it lowered its full year earnings forecasts, largely because of President Donald Trump's tariffs.
Toyota reports a 37% drop in profit, cuts its forecast due to Trump's tariffs | AP News
Source: apnews.com
At a glance
Verified August 7, 2025Key Evidence
Washington Times reports Toyota's profit plunged 37% in Q2 2025 due to Trump's tariffs.
CNBC TV18 highlights a $3 billion loss attributed to these tariffs impacting Toyota's profitability.
AP News and Detroit News confirm Toyota's lowered earnings forecast citing tariff-related cost pressures.
The reporting
What the Evidence Shows
Multiple reputable news sources from August 7, 2025, confirm that Toyota's profit plunged by 37% in the April-June quarter of 2025. The company explicitly linked this significant profit drop and the subsequent lowering of its full-year earnings forecast to the tariffs implemented by the current U.S. President Donald Trump. These tariffs have increased costs for Toyota, particularly affecting its operations and profitability in the U.S. Market. The reports consistently state that the tariffs are a major factor in Toyota's financial challenges during this period.
Key points include:
The profit drop of 37% occurred specifically in the April-June quarter of 2025.
Toyota lowered its full-year earnings forecast as a direct consequence of these tariffs.
The tariffs referenced are those imposed by President Donald Trump's administration, who is the sitting U.S. President as of August 2025.
This information is corroborated by multiple independent and authoritative news outlets, including Washington Times, AP News, CNBC TV18, Detroit News, and others, ensuring high reliability of the claim.
Primary trail
Verified Sources7
Open source