Toyota's earnings increasingly tied to US market, Trump policy swings

AutomobilesPotential changes to USMCA trade deal risk adding $1,200 in costs per vehicleToyota Motor increased its U.S. sales volume for the April-June quarter while GM and Ford declined. (Photo by Shintaro Ino)RYO ASAYAMA and SHOTA UEHARAAugust 5, 2026 01:20 JSTNAGOYA, Japan -- Toyota Motor is becoming increasingly reliant on the U.S. market for steady sales, which in turn exposes the Japanese automaker to the risk of sudden policy shifts under President Donald Trump.