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Analysis-Toyota and Honda may get stuck with the bill for Trump’s Canada tariffs
- Trump’s proposed 50% tariff on Canadian car imports could backfire on Toyota and Honda — they build over 75% of cars in Canada and Canadian plants supply about 24% of Honda’s and 17% of Toyota’s U.S. sales.
- The levy could force plant closures or rerouted production, risking Canada’s auto sector (≈1.2M cars/year and ~427,000 jobs) and pushing automakers to accelerate U.S. investment.
- Bad timing for Toyota and Honda, who are already pressured by low‑cost Chinese EVs abroad — the move could really reshape where popular models are made and sold.
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