Business & Economy

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

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2025-05-13 10:23:19

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