The largest Japanese car manufacturer, Toyota Motor, is preparing for a tough year, warning of a decline in profits, at a time when global producers are starting to protect themselves from the turbulence of tariffs introduced by U.S. President Donald Trump.
The company stated that it expects to achieve an operating profit of 3.8 trillion yen (26 billion dollars) by the end of the fiscal year on March 31, which is notably lower than the analysts' previous forecast of 4.7 trillion yen, while profits from operations in the previous year amounted to 4.8 trillion yen, reported Bloomberg agency.
Toyota announced that it anticipates a loss of about 180 billion yen in its profits for April and May.
