Honda profits take a 42% hit from Trump’s tariffs and EV moves

By Yuri Kageyama | The Associated Press

Honda reported Tuesday a 42% drop in profit for the nine months through December, compared to a year earlier, as U.S. President Donald Trump’s tariffs hurt the Japanese automaker’s earnings.

The carmaker faces a litany of challenges that “make it necessary to fundamentally reassess our strategy and rebuild our competitiveness,” it said Tuesday. Those include slowing EV growth, protectionist trade policies, heightened supply chain risks and intensifying global competition...