A Japanese news outlet says Honda might move some Canadian automotive production to the U.S. in response to new tariffs.
The report by the Nikkei financial newspaper says the company is considering shifting enough CR-V and Civic production to the U.S. so that it can meet 90 percent of U.S. sales with vehicles produced there.
The U.S. imposed 25 percent tariffs on all imported vehicles in early April, including ones produced in Canada despite the free trade deal, significantly raising costs for all importers.
The Nikkei report says Honda would look to increase U.S. production by 30 percent over the next couple of years by hiring more workers and adding shifts to its U.S. operations that also produce the CR-V and Civic models….