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,

Japanese automaker Honda is warning that U.S. auto tariffs are expected to carve a "huge" hole in its operating profit within its current fiscal year, as it manages uncertainty stemming from the trade environment and slowing electric vehicle adoption.

Honda is the latest automaker to warn of a massive hit to its profits as a result of President Trump's auto tariffs.