Honda Motor quarterly profit halves as U.S. auto tariffs bite

Japanese car giant HondaThe first quarter activity profits decreased by 50% annually on Wednesday and missing the US automobile tariffs and a stronger yen.

Honda’s results compared with average estimates from LSEG:

• Income: 5.34 trillion yen and 5.25 trillion yen
• Business profit: 244.17 billion yen and 323.48 billion yen

However, Japan’s second largest automobile manufacturer has increased its full -year -old profit forecast to 200 billion yen or 40%to 700 billion Yen compared to its estimation of 40%and the previous 500 billion yen.

The US made up about a quarter of Honda Exports from Japan In the first half of the year. Global sales fell by 5% during the period affected by the decreases in China, Asia and Europe.

Gains come after Japanese automobile manufacturers began to reduce the prices of vehicle shipments to the United States in response to the 25% tariffs of American President Donald Trump on April 3.

Last month, Trump announced a new trade agreement, which was said to have a tariff ratio of Japan and Japan’s construction vehicle imports, but the time interval was not clarified to enforce the change.

In June, although car export volumes to the US increased by 4.6% in the same period, Tokyo’s value of automobile exports to the United States fell by 25.3% to year. Data from the Japan Ministry of Trade.

Automatic exports to the USA is the cornerstone of the Japan economy and constitutes 28.3% of all posts in 2024, According to customs data.

Japan Prime Minister Shigeru Ishiba said he wouldn’t hesitate to talk to the President on Monday Donald Trump To ensure that the US’s car cuts tariffs It is applied soon.

Ryosei Akazawa, the country’s chief commercial negotiator, went to Washington on Tuesday and press to sign a executive order that will confirm the exact date to reduce automatic tariffs to Trump.