Honda to Increase US Manufacturing Amid Trump Tariffs
In the midst of the massive economic policy aimed at balancing trade, Honda has announced that it will increase US manufacturing amid the ongoing tariff plan from President Donald Trump. Indeed, the automaker is set to shift its production out of its North American neighbors Canada and Mexico with the move.
The decision comes as the Trump administration has enacted sweeping import duties on the automobile industry. Now, the Japanese-based company is responding with hopes of bringing its production into the country issuing the tariffs. The firm is reportedly looking to ensure 90% of US-sold cars are built domestically.
JUST IN: Honda to increase manufacturing in the United States, shifting production from Canada and Mexico.
— Watcher.Guru (@WatcherGuru) April 15, 2025
Also Read: Trump’s Economic Fix? Why His Tariff Pause Won’t Solve the Crisis
Honda Shifts Manufacturing Out of Mexico, Canada: Looks to Sell US-Made Cars
The global economy looks to undergo a massive transition over the next three years. With its increasingly aggressive economic policy, the United States is looking to balance trade with a baseline 10% tariff on all countries. That has stirred both nations and companies to take action amid the increased import taxes.
Nvidia (NVDA) was among the first to respond. Specifically, the AI chipmaker announced it would manufacture supercomputers in the US, with plans to build its own American-based factories. Now, Honda has followed suit, announcing its intention to increase US manufacturing amid the Trump tariffs.
Also Read: Trump Says EU Must Come Forward to Negotiate New Trade Deal
The plan will take effect immediately, with Honda’s production in the United States set to jump up to 30% over the next two to three years, Nikkei reported. Moreover, the decision comes as Trump imposed a 25% import tax on imported vehicles.
Honda is the second-largest Japanese auto manufacturer in the world. Subsequently, the shift should provide a notable boost to US production and could be followed by similar action from competitors. In 2024, Honda sold 1.4 million cars in the US, 40% of its global sales. With so much exposure and dependence on the country, the move should be a benefit to both.
Read More
Japan Agrees to Negotiate New Trade Deal With the United States
US President Trump Exploring If He Can Fire Fed Chair Powell
Honda to Increase US Manufacturing Amid Trump Tariffs
In the midst of the massive economic policy aimed at balancing trade, Honda has announced that it will increase US manufacturing amid the ongoing tariff plan from President Donald Trump. Indeed, the automaker is set to shift its production out of its North American neighbors Canada and Mexico with the move.
The decision comes as the Trump administration has enacted sweeping import duties on the automobile industry. Now, the Japanese-based company is responding with hopes of bringing its production into the country issuing the tariffs. The firm is reportedly looking to ensure 90% of US-sold cars are built domestically.
JUST IN: Honda to increase manufacturing in the United States, shifting production from Canada and Mexico.
— Watcher.Guru (@WatcherGuru) April 15, 2025
Also Read: Trump’s Economic Fix? Why His Tariff Pause Won’t Solve the Crisis
Honda Shifts Manufacturing Out of Mexico, Canada: Looks to Sell US-Made Cars
The global economy looks to undergo a massive transition over the next three years. With its increasingly aggressive economic policy, the United States is looking to balance trade with a baseline 10% tariff on all countries. That has stirred both nations and companies to take action amid the increased import taxes.
Nvidia (NVDA) was among the first to respond. Specifically, the AI chipmaker announced it would manufacture supercomputers in the US, with plans to build its own American-based factories. Now, Honda has followed suit, announcing its intention to increase US manufacturing amid the Trump tariffs.
Also Read: Trump Says EU Must Come Forward to Negotiate New Trade Deal
The plan will take effect immediately, with Honda’s production in the United States set to jump up to 30% over the next two to three years, Nikkei reported. Moreover, the decision comes as Trump imposed a 25% import tax on imported vehicles.
Honda is the second-largest Japanese auto manufacturer in the world. Subsequently, the shift should provide a notable boost to US production and could be followed by similar action from competitors. In 2024, Honda sold 1.4 million cars in the US, 40% of its global sales. With so much exposure and dependence on the country, the move should be a benefit to both.
Read More
Japan Agrees to Negotiate New Trade Deal With the United States