💨 Abstract
Toyota's profit dropped 37% in the April-June quarter, attributing the fall largely to President Donald Trump's tariffs. Assumptions based on tariffs at 12.5% led to the revision, though they currently stand at 15%. The automaker's profit was down to $5.7 billion from $1.33 trillion the previous year, with quarterly sales rising 3%.
Courtesy: WTOP Staff
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