Business
Trump’s 50% Canada Auto Tariff Could Hammer Toyota and Honda — But the Biggest Cost May Hit America Next
Toyota and Honda spent decades turning Canada into one of the most important links in their North American manufacturing networks. Now that strategy could become an expensive liability. U.S. President Donald Trump has threatened to raise tariffs on Canadian-made cars, trucks and automotive products to 50% beginning January 1, 2027, potentially doubling the current 25% levy and putting two Japanese automotive giants squarely in the firing line. The target may officially be Canada. But Toyota a
