TOKYO -- Mazda Motor on Tuesday reported a net loss of 42 billion yen ($286 million) for the April-June fiscal first quarter -- swinging from a net profit during the same period last year -- as it struggled with the additional 25% automotive tariffs imposed by U.S. President Donald Trump in April.
Automobiles
Mazda posts $286m net loss in first quarter as Trump tariffs hit
Carmaker forecasts full-year net profit down 82.5% from previous year
Mazda SUVs are transported from the Port of Long Beach, California, on March 26. The Japanese automaker counts on the U.S. for a third of its sales. © AP
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