Toyota says its tariff cost will reach $1.2 billion for April and May alone

$1.2B

Toyota, the world’s largest automaker by sales, is expecting a tariffs cost of $1.2 billion to weigh on profits. That figure would be in line with the full-year tariff hit forecasts made by rivals Ford ($1.5 billion) and Rivian ($1.9 billion), except for one detail: Toyota’s estimate is just for April and May.

The Prius maker on Thursday said it expects a 21% drop in operating profit this year, citing tariffs and elevated raw material costs. A Tokai Tokyo analyst estimates the carmaker’s total 2025 tariff charge could end up at 800 billion yen ($5.5 billion).

So far, Toyota has maintained that it will continue to run its US operations as usual and hasn’t hinted at potential price hikes. According to reporting by Reuters, the carmaker is weighing moving production of its upcoming RAV4 SUV to the US.

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Texas sues Netflix, accusing streamer of spying on children and collecting user data without consent

The state of Texas filed a lawsuit Monday against streaming giant Netflix, alleging that the company has built a “behavioral-surveillance program of staggering scale.”

The suit alleges that Netflix is “deceptively designed” to be addictive, using features like autoplay to get viewers hooked, “mining those users for data, and then converting that data into lucrative intelligence for global advertising juggernauts.”

“When you watch Netflix, Netflix watches you,” the lawsuit reads.

“This lawsuit lacks merit and is based on inaccurate and distorted information,” Netflix said in a statement to Sherwood News. “Netflix takes our members’ privacy seriously and complies with privacy and data‑protection laws everywhere we operate.”

Texas is seeking civil penalties of “up to $10,000 per violation” of the Texas Deceptive Trade Practices-Consumer Protection Act, along with an additional penalty of up to $250,000 per violation involving a consumer aged 65 or older.

“Netflix is not the ad-free and kid-friendly platform it claims to be. Instead, it has misled consumers while exploiting their private data to make billions,” said Texas Attorney General Ken Paxton in the press release announcing the lawsuit.

Netflix did not immediately respond to a request for comment.

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