Toyota makes a disturbing announcement about tariffs
The Japanese car company is in for a rough ride.
Ever since President Trump announced the details of his tariff plan on April 2, companies across the U.S. have been grappling with the consequences of how their businesses will be affected by them.
Several CEOs have already spoken out about the costs they will face because of the tariffs, including Apple CEO Tim Cook, who said it will cost the company $900 million this quarter alone. Cook has also said Apple will shift all iPhone manufacturing to India, as the phones were previously manufactured in China.
