Honda projects a 70% annual profit nose-dive this year because of Trump tariffs

EditorLast Update :
Honda projects a 70% annual profit nose-dive this year because of Trump tariffs
Executive Vice President Noriya Kaihara acknowledged that Trump’s tariffs were likely to hurt, erasing 650 billion yen ($4.4 billion) from its operating profit for the fiscal year through March 2026.

Executive Vice President Noriya Kaihara acknowledged that Trump’s tariffs were likely to hurt, erasing 650 billion yen ($4.4 billion) from its operating profit for the fiscal year through March 2026.

Brittany Murray—MediaNews Group/Long Beach Press-Telegram via Getty Images