Honda Motor half a separation profit, where the tariffs are filled with American cars

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A sign of the Honda Agency in Libertyville, Illinois, on December 18, 2024.

Scott Olson Gety pictures

Japanese auto giant HondaOperating profits in the first quarter decreased by 50 % year on Wednesday, and were lost due to the tariff of American cars and the strongest yen.

Here are the results of Honda compared to the middle estimates of LSEG:

  • Revenue: 5.34 trillion yen for 5.25 trillion yen
  • Operating profit: 244.17 billion yen compared to 323.48 billion yen

However, the second largest car company in Japan raised the full public operating profit forecast of 200 billion yen, or 40 %, to 700 billion yen compared to its previous 500 billion yen expectations.

The United States acquired about a quarter of Honda Exports from Japan In the first half of the year. Its global sales decreased by 5 % during this period, affected by the decreases in China, Asia and Europe.

The profits come after Japanese car makers began to reduce prices on vehicle shipments to the United States in response to the US President Donald Trump25 % Definitions On imported vehicles, which came into effect on April 3.

Trump last month Declare A new trade deal with Japan, which is said to include a 15 % less tariff rate on the imports of Japanese -made vehicles to the United States, however, the time frame of the effect change has not been clarified.

In June, the value of the export of cars in Tokyo to the United States decreased by 25.3 % on an annual basis, although car export volumes to the United States increased by 4.6 % in the same period. Data from the Japanese Ministry of Commerce.

Cars to the United States is the cornerstone of the Japanese economy, and it constitutes 28.3 % of all shipments in 2024, According to customs data.

Japanese Prime Minister Shigro Eshiba said on Monday that he would not hesitate to speak with the president Donald Trump To ensure that cars cut us Definitions It is implemented soon.

The country’s chief trade negotiator in the country, Riozi Akazawa, left for Washington on Tuesday, in an effort to pressure Trump to sign an executive order that would confirm the specified date for reducing the customs tariff for cars.



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