Summary
- Toyota and Honda account for more than three-quarters of all cars made in Canada
- Canadian-built cars made up nearly a quarter of Honda’s US sales and 17% of Toyota’s last year, analysts say
- Tariffs could force both automakers to close some Canadian assembly lines, analysts say
TOKYO, (Reuters) – U.S. President Donald Trump is targeting Ottawa with a proposed 50% tariff on Canadian car imports — but Japan’s Toyota and Honda may end up footing the bill. Continue reading “Toyota and Honda may get stuck with the bill for Trump’s Canada tariffs”