Honda warns 50% Canada auto tariffs would be catastrophic for industry
Summary
Automaker Honda has stated that doubling tariffs on Canadian vehicles and parts would severely damage the automotive sector. This reaction follows threats from President Donald Trump to raise the trade levy from 25 percent to 50 percent unless a new agreement is established between the nations.
President Donald Trump has threatened to double tariffs on Canadian vehicles and parts from 25% to 50% if a trade deal is not reached between the two countries.
Source: Read the full story at US Top News and Analysis
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