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Honda stock drops on fears of $3 billion tariff hit

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

The Japanese automaker said tariffs would decrease its FY 2026 operating profit by 650 million yen , or $4.405 billion , but mitigation efforts would decrease that total by 200 billion yen .

Honda 's American depository receipts (ADRs) trading in New York fell 4% in midday trade.