Key Takeaways Honda Motor said new U.S. auto tariffs will send profits and sales tumbling.CEO Toshihiro Mibe noted that Honda sees a $4.40 billion negative impact from the tariffs this year.Honda is also postponing investments in electric vehicles and batteries in Canada because of falling demand.

Honda said it expected net profit of 250 billion yen ($1.7 billion) in the 12 months to March 2026. “Tariff impact and recovery efforts” will have a negative effect on operating profit ...

Tariffs could cost Japan's second-largest automaker up to 650 billion yen this financial year—equivalent to $4.4 billion and almost half last year’s profit. Reporting results Tuesday, Honda forecast a roughly two-thirds slide in operating profit for the year through March 2026,

Japanese automakers are bracing for a $19 billion hit from US tariffs. Toyota forecasts a $10.7 billion impact, while other brands like Nissan and Honda estimate $3 billion each.

Japanese auto giant Honda missed fourth-quarter earnings estimates as operating profit plunged 76%, with the company bracing for the full impact of U.S. tariffs. Honda's fourth quarter ends March 31.

Nissan Motor Co. is struggling to draw a path to recovery as the major Japanese automaker recently announced a plan to significantly scale ba

The move by the Trump administration to lower tariffs on goods from China to 30% from 120%, still offers limited reprieve for US small businesses, who remain cautious as tariffs are still sky high by historical levels and are also pressuring profits.

Some companies have not spoken out about what tariffs are costing them, but they have announced some changes in the pricing of their products. Related: Apple CEO sends blunt message on tariffs impact Ford is one company that's been forced to take action in response to tariffs,