Japanese automakers were handed a reprieve when President Donald Trump said he would lower tariffs on Japan to 15% from 25%.

Toyota Motor and Honda Motor are expected to report weaker first-quarter earnings this week, as U.S. import tariffs and a stronger yen weigh on profits despite solid demand for hybrids in their biggest overseas markets.

Toyota and Honda expect lower Q1 profits as U.S. tariffs and a strong yen offset hybrid demand and export growth.Ask ChatGPT