The Guardian Top News｜受特朗普关税政策影响，本田汽车季度利润骤降50%

Fall in operating profits also due to losses on electric car sales in US but drop is less than manufacturer estimated

The Japanese carmaker Honda has reported a 50% drop in quarterly profits as it counted the cost of Donald Trumps tariffs and electric vehicle policies, even as it said the full impact would be less than its worst expectations.

The manufacturers operating profits fell by half to 244bn yen (051.2bn) in the three months to June, according to financial results published on Wednesday. That was mainly because of a 124bn yen hit from tariffs, as well as 113bn yen in losses on electric car sales in the US.

The car industry has been among the worst hit by the US tariff chaos, as the US president has specifically targeted it in the hope of reviving American car manufacturing . Trumps policies have undermined international and domestic manufacturers who import cars and parts into the US through supply chains that have long been globally integrated.

Trump announced 25% tariffs on all vehicle imports in March , pushing total tariffs on imports from countries including Japan to 27.5%. However, last month Trump agreed a framework of a trade deal with Japan to limit tariffs to 15% C still a significant impact, but more manageable.

Honda, Japans second-largest carmaker after Toyota, produces vehicles around the world, and imports cars and parts to the US from its home country. It also has five car assembly factories within the US, according to the data company MarkLines, but it is heavily reliant on tariff-hit Mexican and Canadian factories to produce cars for the US market.

The carmaker said the tariffs would cost it 450bn yen (052.3bn) during the year to March 2026, which is less than the 650bn yen it had previously estimated.

The tariff impact this financial year will be 200bn yen less than initially feared in part because the company was able to raise prices in the US, a sign of the inflationary pressure introduced by tariffs. Trump has said that he couldnt care less if tariffs raise car prices for US consumers, although that effect has been a key factor in the US Federal Reserve resisting intense pressure from the president to cut interest rates.

Honda said sales in North America remained strong aside from the tariff impact. However there were signs of trouble in its electric vehicle sales as it admitted to sustaining losses on battery cars sold in the US. It also wrote off money spent on developing new electric cars, as some parts of the car industry focus on producing more profitable hybrids, combining a battery with a petrol or diesel engine.

营业利润下滑还因在美国市场电动车销售亏损所致，但降幅小于制造商预期

日本汽车制造商本田公司报告称，其季度利润下降了50%，主要受唐纳德·特朗普政府关税政策和电动汽车政策的影响。不过该公司表示，整体影响将低于其最悲观的预期。

根据周三公布的财报，该制造商截至6月的三个月内营业利润下降一半，至2440亿日元（约合12亿美元）。这主要是由于关税冲击导致1240亿日元的损失，以及在美国市场电动汽车销售亏损1130亿日元。

汽车行业是受美国关税乱象冲击最严重的领域之一，因为美国总统特别针对该行业，以期重振美国汽车制造业。特朗普的政策损害了通过长期全球化供应链向美国进口汽车及零部件的国际和本土制造商。

特朗普于3月宣布对所有进口汽车征收25%关税，使包括日本在内的多个国家对美出口汽车总关税升至27.5%。不过上月特朗普与日本达成贸易协议框架，同意将关税上限设定为15%——虽仍将产生重大影响，但更具可操作性。

本田汽车是日本仅次于丰田的第二大汽车制造商，在全球范围内生产车辆，并从日本本土向美国出口汽车及零部件。根据数据公司MarkLines的信息，本田在美国境内还设有五家汽车组装工厂，但其为美国市场生产的汽车严重依赖受关税影响的墨西哥和加拿大工厂。

这家汽车制造商表示，到2026年3月为止的财年中，关税将使其损失4500亿日元（约合23亿英镑），低于此前预估的6500亿日元。

本财年关税影响将比最初担忧的减少2000亿日元，部分原因是该公司得以在美国提高售价，这反映出关税引发的通胀压力。特朗普曾表示，即便关税导致美国消费者购车价格上涨，他也"毫不在乎"，但这一效应正是美联储顶住总统大幅降息压力的关键因素。

本田公司表示，除关税影响外，其在北美的销售表现依然强劲。然而，该公司的电动汽车销售却显现出问题迹象——其承认在美国销售的纯电动车型持续亏损。由于汽车行业部分厂商正转向生产利润更高的混合动力车型（即电池与汽油/柴油发动机相结合的车型），本田还注销了部分用于研发新型电动汽车的投入资金。