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.

In a surprising turn of events, President Trump on Thursday said India has offered to drop tariffs on US goods as part of a potential trade deal. Speaking at a business event in Qatar, he claimed India is "willing to literally charge us no tariff.

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

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,

The automaker’s somber forecast for the fiscal year underscored how quickly fortunes had turned for many companies reckoning with President Trump’s tariffs.