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The Independent UK

National

Yuri Kageyama

Honda reports declining profit as Trump's tariffs and EV moves hurt Japanese automaker's results

Honda Japan Donald Trump Sanae Takaichi United States

Indonesia Motor Show - (Copyright 2026 The Associated Press. All rights reserved.)

Honda reported Tuesday a 42% drop in profit for the nine months through December, compared to a year earlier, as U.S. President Donald Trump’s tariffs hurt the Japanese automaker’s earnings.

Tokyo-based Honda Motor Co.’s profit over the three quarters totaled 465.4 billion yen ($3 billion), down from 805.2 billion yen.

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