Toyota Motor Corp. lowered its annual guidance as it warned of a $9.5-billion hit to its bottom line from U.S. tariffs that have rattled the global automotive industry.

Toyota is sounding the loudest warning bell yet about tariffs. The automaker said it expected its profits to be $9.5 billion lower this year because of the Trump tariffs on cars imported to the U.S. Other major automakers have also warned of multi-billion dollar hits.

TOKYO (AP) — Toyota’s profit plunged 37% in the April-June quarter, the company said Thursday, cutting its full year earnings forecasts largely because of President Donald Trump’s tariffs.