Toyota and Honda face exposure to proposed 50% US tariff on Canadian auto imports

Reuters · 1 hour ago
  • Toyota and Honda account for more than three-quarters of vehicles produced in Canada, making them the primary automakers exposed to the proposed tariff.
  • Canadian-built vehicles represented nearly a quarter of Honda’s US sales and 17% of Toyota’s US sales last year, according to analysts cited by Reuters.
  • Analysts cited by Reuters said the tariffs would force Toyota and Honda to close some Canadian assembly lines.

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Toyota and Honda account for more than three-quarters of all cars made in CanadaReuters

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