Japan automakers lose $20m a day from US tariff cut delay

Automobiles

Toyota sees biggest impact from elevated duties; export-heavy Mazda, Subaru hit hard

Toyota Motor expects U.S. tariffs to deal a substantial blow to its fiscal 2025 profit. (Photo by Yuki Nakao)

TOKYO — Seven major Japanese automakers lose an estimated 3 billion yen ($20.3 million) in combined profits each day that the U.S. delays lowering auto tariffs under the countries’ recent agreement, with concerns about demand discouraging them from passing on the cost to customers.