TOKYO -- Seven major Japanese automakers lose an estimated 3 billion yen ($20.3 million) in combined profits each day that the U.S. delays lowering auto tariffs under the countries' recent agreement, with concerns about demand discouraging them from passing on the cost to customers.
Automobiles
Japan automakers lose $20m a day from US tariff cut delay
Toyota sees biggest impact from elevated duties; export-heavy Mazda, Subaru hit hard
Toyota Motor expects U.S. tariffs to deal a substantial blow to its fiscal 2025 profit. (Photo by Yuki Nakao)
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