Automakers Most at Risk in U.S.-Canada Trade War Aren't Who You Think
5 Articles
5 Articles
Detroit Free Press
Blue Water Healthy LivingAutomakers most at risk in U.S.-Canada trade war aren't who you think
U.S. automakers are keeping quiet about impacts they face if the U.S.-Canada trade war is not resolved. But Honda has spoken out about its worries.
A few days ago, the U.S. and Canada seemed to be inches away from a trade agreement. Now they are again on a collision course. And tariffs between the U.S. and Canada threaten to make the automobile industry one of the main victims of this trade war. The most recent development came by the voice of Honda. The [...] The post-Fair War between the U.S. and Canada locks investments appeared first in Automobile Reason.
José Luis Sarabia The American automotive industry is like a huge industrial plant spread over three countries and for 32 years we have perfected this plant.Since NAFTA was signed in 1994, the shipowners and auto parts manufacturers built a value chain that integrates Mexico, the United States and Canada, designed so that each country contributes what it does more efficiently, with a simple objective: to be more competitive.
The trade war between the US and Canada is creating uncertainty in the automotive industry due to tariffs on steel, aluminum, and automobiles. Experts warn that the tariffs could increase vehicle prices, leading to factory closures and job losses. While Detroit-based manufacturers remain silent, Honda has signaled a price increase; Honda and Toyota's US sales are more dependent on Canadian production.
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