Channel NewsAsia
Channel NewsAsia
AsiaPac · 20 mins ago

Analysis:Toyota and Honda may get stuck with the bill for Trump’s Canada tariffs

TOKYO, Aug 31 : U.S. President Donald Trump is targeting Ottawa with a proposed 50 per cent tariff on Canadian car imports — but Japan's Toyota and Honda may end up footing the bill.The two Japanese automakers account for more than three-quarters of all cars made in Canada. They could be forced to shutter some production lines if the tariffs go into effect on January 1 as proposed, analysts said.While a deal could still be reached, the timing of the U.S. tariffs couldn't be worse, as Japanese automakers are being stung by competition from low-cost Chinese EVs in markets such as Southeast Asia, Europe and Latin America.The United States remains Toyota and Honda's biggest market and, crucially, one where Chinese rivals like BYD aren't allowed in. Canadian-built cars accounted for almost a qu
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