TOKYO -- Mitsubishi Motors on Thursday announced an 84% year-on-year decline in its first-quarter operating profit, a sign of the "unprecedentedly challenging conditions" that followed U.S. President Donald Trump's imposition of a 25% tariff on cars in April.
Automobiles
Mitsubishi Motors' Q1 profit plummets as Trump tariffs bite
Japanese automaker cites 'unprecedentedly challenging conditions'
Mitsubishi Motors says its April-June profit fell partly because of a 14.4 billion yen U.S. tariff impact. (Photo by Yuki Nakao)
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