Japanese automakers take $13bn profit hit from Trump tariffs

Operating income at 7 carmakers sinks 30% on the year during April-December period

20260212N Automakers tariffs

Toyotas in a New York showroom. The Japanese automaker mitigated tariff headwinds with strong sales of hybrid vehicles in the U.S. (Photo by Azusa Kawakami)

KAZUKI KAWAHARA and RIHO TAKAHASHI

TOKYO — The Trump administration’s tariffs dealt a 2.1 trillion yen ($13.7 billion) blow to April-December operating income at seven major Japanese automakers, their latest results show, draining roughly 30% of their black ink.