Honda Warns Tariffs on Canada Are Catastrophic
Honda Motor warns that upcoming US tariffs on Canadian steel and auto imports could harm the industry. Executives urge officials to maintain the trilateral trade agreement to protect North American competitiveness.
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HONDA MOTOR CO LTD called a planned doubling of import duties catastrophic for the automotive sector during Tuesday afternoon remarks in Detroit. The warning arrives as negotiators from the United States and Canada discuss potential tariff relief ahead of January 1. Without a continued trilateral framework involving Mexico, automakers face surging operational costs and disrupted supply chains.
