Toyota profit increasingly tied to U.S. market amid policy uncertainty

Toyota Motor reported a 3% drop in global vehicle sales for the April‑June quarter, selling 2.55 million units. While sales fell 28% in China, the company relied on the United States and Japan for stability, delivering 670 000 vehicles in the U.S. (up 1%) and 410 000 in Japan (up 18%).

Analysts note that Toyota’s earnings are now more exposed to U.S. policy shifts under President Donald Trump, especially the gradual phase‑out of electric‑vehicle subsidies in Washington. The weaker yen also boosts profit forecasts, adding an estimated ¥480 billion for the fiscal year ending March 2027. Toyota’s diversified lineup—including hybrids, gasoline models, and the popular Camry and RAV4—helps maintain margins despite broader market headwinds.