Toyota has downgraded its full-year profit forecast after the world’s largest car producer predicted an annual hit of ¥1.4tn ($9.5bn) from US tariffs.

US tariffs prompted Japanese auto giant Toyota on Thursday to cut its annual net profit forecast by 14 percent. - Tariffs hit forecasts - The results come after Honda said Wednesday its net profit had halved in the first quarter because of US tariffs,

Toyota Motor Corp. saw record global sales during the first half of 2025 as strong demand for hybrid vehicles in core markets helped offset headwinds from President Donald Trump’s tariffs on cars imported to the US.