Honda foresees a 59% reduction in its current profit in the current financial year due to Donald Trump’s decisions. reports Reuters.
“The Japanese Honda engine envisages a decrease in a 59% decrease in the profit of the current financial year, and plans to suspend the implementation of a supply chain plan in Canada on the basis of uncertainty about US President Donald Trump’s tariffs,” he says.
Honda expects this financial year (ending in March 2026) to be profitable against 500 billion yen ($ 3.38 billion) against the 1.21 trillion yen profit in the last financial year. A plan for the development of electric vehicles in Canada will suspend for about two years.
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Source: Gazeta
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