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Japanese automakers warn of billions in tariff losses toyota, honda and nissan forecast big hits to their profits from higher tariffs that they acknowledged were likely ‘here to stay.’ Tariffs have hit japanese automakers hard. Honda has reported a 37% drop in profit for the first fiscal half through september
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The impact of tariffs from president donald trump and unfavorable currency rates offset strong motorcycle sales. Toyota reports a drop in profit as trump’s taxes hurt japanese automakers u.s By region, vehicle sales grew in north america, but fell in japan, the rest of asia and europe
Honda reported friday that its profit for the first fiscal half through september fell 37 per cent from the previous year, as the damage from president donald trump's tariffs offset the lift from solid motorcycle sales.
Honda's profit slips as president trump's tariffs take their toll on japanese automakers tokyo (ap) — honda reported friday that its profit for the first fiscal half through september fell 37%.
