Honda says it may not build new plant in North America without trade deal extension
A senior Honda executive has indicated that the automotive manufacturer might not construct an additional assembly plant in North America without an extension to a significant trade agreement. Noriya Kaihara, Honda's Executive Vice President, disclosed this during a press conference in Washington. The company is currently operating at near-full production capacity in North America and requires a new facility to meet demand.
The Trump administration is in ongoing negotiations with both Canada and Mexico concerning the future of the USMCA trade deal. If there is no agreement reached in the future, Honda may need to reconsider its expansion plans. The company aims to have the new plant operational by approximately 2030.
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