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Honda's Quarterly Profits Fall by 50% as Trump's Tariff Chaos Hits US Sales
The Guardian
|August 07, 2025
Honda reported a 50% drop in quarterly profits yesterday as it counted the cost of Donald Trump's tariffs and electric vehicle (EV) policies, even as it said the full impact would be less than its worst expectations.
The Japanese carmaker's operating profits fell by half to 244bn yen (£1.2bn) in the three months to June. That was mainly because of a 124bn yen hit from tariffs, as well as 113bn yen in losses on EV sales in the US.
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