Honda Motor first-quarter profit halves as U.S. auto tariffs bite
1. Honda's Q1 operating profit fell 50%, missing estimates due to U.S. tariffs. 2. Revenue reached 5.34 trillion yen, exceeding expectations despite profit drop. 3. New trade deal may reduce U.S. tariffs from 25% to 15%, unclear timeline. 4. Car exports from Tokyo to the U.S. saw a 25.3% value decline. 5. Japanese leaders are negotiating to implement tariff cuts promptly.