Doubling tariffs on Canadian auto parts threatens 'catastrophic' impact on U.S. auto industry, warns Honda exec.

Honda's senior VP Jennifer Thomas warned that President Trump's threat to double tariffs on Canadian vehicles and parts from 25% to 50% starting January 1 could be catastrophic for the U.S. auto industry. She urged the U.S., Canada, and Mexico to preserve the trilateral USMCA trade agreement rather than resort to bilateral deals. The industry fears tariff uncertainty as many vehicle parts cross borders multiple times during production. Talks between the U.S. and Canada have resumed, raising cautious optimism that a deal can be reached to avoid the tariff hike.

Honda Motor Company shares trade at USD 34.17 on Pluang as of Oct 27, 2026 23:02 WIB, down 0.55% for the day. The stock's market cap stands at $44.63 billion, reflecting its significant presence in the consumer cyclical sector. Investors typically hold Honda shares for about 18 days on Pluang, indicating moderate trading activity around this news.