Honda Motor Company has reported a staggering 76% decline in operating profit, leading to a major earnings miss. The Japanese automaker is grappling with the financial repercussions of tariffs imposed by the Trump administration, forecasting a 70% drop in net profit. This has prompted Honda to revise its full-year profit outlook downward by 59%, as the impact of U.S. tariffs continues to take its toll. The company also indicated a $3 billion hit from these tariffs, with significant declines in sales expected in key markets like China. Additionally, Honda is postponing its electric vehicle plans in Canada amidst this challenging financial landscape.