Honda Warns U.S. Auto Sector of Risk From Canada Tariff Hike
Photo: TokenPost
American Honda Motor Co. executive Jennifer Thomas, the company’s senior vice president of corporate affairs, warned Tuesday that a threatened U.S. tariff increase on Canadian vehicles and parts could put North American auto production under strain as components cross borders during assembly. President Donald Trump has threatened to raise the duties from 25% to 50% on Jan. 1, 2027, if the U.S. and Canada do not reach a trade deal by year-end.
Source: TokenPost
