Honda Motor Co. said Wednesday it expects its net profit for the year ending March to fall 49.8 percent from the previous year to 420 billion yen ($2.8 billion) due mainly to the adverse effects of the auto tariffs imposed by U.S. President Donald Trump.But the forecast was revised upward from 250 billion yen as the automaker reassessed the impact of the tariffs from the previously forecast 650 billion yen to 450 billion yen, while the depreciation of the yen also supported the revision."The (tariff) reduction is obviously a positive development for us, as the unclear was made clear," Chief…READ FULL ARTICLE
