Japan Faces $28 Billion Hit From U.S. Tariffs on Imports

Major Japanese companies warn that U.S. tariffs could severely impact their profits, potentially leading to losses exceeding $28 billion. This prediction comes from calculations based on company guidance during the latest fiscal year earnings season. Firms like Toyota, Sony, and Mizuho face an estimated loss of 4 trillion yen ($27.6 billion) due to tariffs.