Story perspectives
Trump's Tariffs Slash Japanese Automakers' Profits by Billions
11/9/2025
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Story summary
- U.S. President Donald Trump’s trade tariffs are causing Japanese automakers to face persistent, permanent profit losses.
- Honda expects a $2.5 billion profit reduction for the fiscal year.
- Toyota anticipates $9.4 billion in tariff-related costs.
- Honda’s profits fell 37% in the first half of the fiscal year.
- Honda’s production in Mexico has been halted since late October due to semiconductor supply issues.
