Analysis:Toyota and Honda may get stuck with the bill for Trump’s Canada tariffs
U.S. President Donald Trump has proposed a 50% tariff on Canadian car imports, potentially affecting Toyota and Honda, according to analysis. The two Japanese automakers account for over three-quarters of all cars produced in Canada, with Toyota losing 17% of its U.S. sales to Canadian-built vehicles and Honda losing 25%. If the tariffs take effect on January 1, Toyota and Honda may need to close Canadian assembly lines, with analysts predicting a major shift in the global auto industry.
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