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Honda says it may not build new plant in North America without trade deal extension
Honda said uncertainty over the trade pact could delay more than $20 billion in new U.S. investments and a new assembly plant.
- Honda Executive Vice President Noriya Kaihara warned Tuesday that the automaker might not build an eighth assembly plant in North America unless the USMCA trade deal is extended, requiring a final decision within two years.
- The Trump administration's 50% tariffs on $20 billion of Canadian products imposed Saturday have created trade uncertainty; Hyundai Motor previously warned that such ambiguity stalls regional industrial expansion.
- Honda previously suspended its $11 billion EV and battery project in Canada and canceled three electric vehicle models, while shifting Civic hybrid production from Japan to Indiana.
- The automaker reported a 36% rise in car sales this July, marking its strongest month in seven years; Honda stated early USMCA confirmation would unlock over $20 billion in new American investments.
- Kaihara stated, "If there is no USMCA agreement in the future, we may have to change our direction," as the company targets 2030 operational launch for the planned facility.
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16 Articles
Coverage Details
Total News Sources16
Leaning Left4Leaning Right4Center5Last UpdatedBias Distribution38% Center
Bias Distribution
- 38% of the sources are Center
38% Center
L 31%
C 38%
R 31%
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