Toyota Motor forecast a 21% profit decline for the current financial year on Thursday, as the strain from US President Donald Trump’s tariffs and an appreciating yen take some of the shine off strong demand for hybrid vehicles.

Toyota Motor expects profit to decline by a fifth in the current financial year, it said on Thursday, as weakness in the U.S. dollar and the impact of President Donald Trump's tariffs weigh on the world's largest automaker.

Toyota has warned operating profits will fall 21 per cent this fiscal year due to the fallout from Donald Trump’s trade war, increasing the pressure on Japan to reach a deal on tariffs with the US. For its year ending in March 2026,

Federal Reserve Chair Jerome Powell had the economy on course for a soft landing. The president’s trade war threatens that.

The Federal Reserve on Wednesday left interest rates unchanged, as expected, in the first central bank meeting since President Donald Trump announced widespread import tariffs. Some of those tariffs have since been postponed for 90 days until early July,

The Federal Reserve could keep its key rate unchanged for several more months as it seeks to evaluate the impact of President Donald Trump’s widespread tariffs on hiring and inflation, some economists say,

Ever since President Trump announced he was slapping hefty tariffs on countries across the globe, he has been predicting they would force trading partners to sign major deals beneficial to the United States.

President Donald Trump’s tariffs rollout is frustrating U.S. companies’ planning for the rest of the year, preventing some corporate giants from telling investors what to expect and scrambling the broader outlook for stocks.

While President Donald Trump promises his tariffs will be a net positive for the United States in the long run, his arguments for them in recent days have caused widespread blowback and could become a feature of Democratic attack ads in the midterm elections.