Trump’s Canada tariffs likely to hit Toyota and Honda profits, analysts say

Country's role as export hub to US makes immediate supply chain shift difficult U.S. President Donald Trump's announcement of a 50% tariff on all vehicles produced in Canada is likely to affect the operations of Japanese automakers Honda and Toyota. (Nikkei montage/Source photos by Kazuhiro Noguchi, Shintaro Ino, Kei Higuchi and Reuters) TOKYO — Manufacturing operations in Canada by Japanese automakers Toyota Motor and Honda Motor, are under threat after U.S. President Donald Trump announced last week the imposition of a 50% tariff on all cars, trucks and automotive parts produced in the neighboring country from January next year.

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