Japanese automakers face a $12.9 billion profit hit this fiscal year as Trump's 15% US car tariffs squeeze margins, down from April's 40% rate. Toyota, Honda, Mazda, and Subaru plan US output boosts, cost cuts, and market shifts to limit damage. The industry supports 5.5 million jobs and is urging government aid. Mazda warned it's in "survival mode."
short by
/
12:04 pm on
13 Aug