Honda (HMC) is the latest automaker to warn of a massive hit to its profits as a result of President Trump's auto tariffs. In its financial outlook detailed in its March 2025 fiscal year report, the Japanese automaker said tariffs would decrease its FY 2026 operating profit by 650 million yen,

Honda Motor Co. is expecting a ¥450 billion ($3 billion) hit to its full-year profit as it braces for the fallout of US President Donald Trump’s auto tariffs, joining rivals reeling from the trade war.

Japan's Honda Motor on Tuesday forecast a 70 percent drop in net profit for the 2025-26 financial year as US trade tariffs weigh on the global auto industry.