Japanese Automakers Face Financial Woes Amid Trump's Tariffs.

Japanese automakers, including Toyota and Honda, are struggling with profitability in the US due to President Trump's tariffs. Despite the tariffs, Toyota reported an overall quarterly profit of $5.8 billion, but its operating income in North America fell by $1.1 billion. Automakers are reportedly passing on some of the tariff costs to American car buyers, but representatives from Toyota, Honda, and Nissan deny this, attributing price increases to seasonal factors. Ford estimates that tariffs will cost it over $2 billion this year.