Jennifer Thomas, senior vice president of corporate affairs at American Honda, said that failing to reach a trade deal between the United States and Canada by the end of 2025 would be catastrophic for the entire automotive industry. President Donald Trump threatened to double tariffs on Canadian vehicles and parts from 25% to 50% on January 1. Honda wants the negotiations to include Mexico and preserve the United States-Mexico-Canada Agreement, which has entered an annual review process. As Canada’s second-largest vehicle producer, Honda remains dependent on cross-border parts flows, although more than 60% of the vehicles it sells in the United States are manufactured domestically.
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