Japan's Honda Motor on Tuesday forecast a 70 percent drop in net profit for the 2025-26 financial year as US trade tariffs weigh on the global auto industry. Honda, Japan's second-biggest automaker after Toyota,

TOKYO (Reuters) -Japan's Honda Motor forecast a 59% profit decrease for the current financial year on Tuesday as the impact of U.S. President Donald Trump's tariffs and a stronger yen offset gains from demand for its hybrid lineup.

Honda has reported its profit for the fiscal year through March slipped 24.5% from the previous year as its vehicle sales in China dropped