Honda Dismisses US Tariff Restructuring

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Honda claims ‘no change’ in North American plan as news rattles tariff-stricken industry

Summary

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78% Informative

Honda has poured cold water on major restructuring of its North American manufacturing supply chain in response to US tariffs.

Tokyo -headquartered carmaker reportedly targeting rolling out 90 per cent of the vehicles it sells in the US from plants in that country.

Honda said the news was “not [based on] an announcement by Honda ,” adding that manufacturing at its Alliston plant would “operate at full capacity for the foreseeable future”.

The latest twist in the US -Canada trade war comes at a particularly critical time for the emerging EV supply chain as it tries to put down roots in Ontario .

Global auto giants and battery-makers have pledged $46.1 billion in investments since 2021 , with federal and provincial governments contributing $52.5 billion through subsidies and tax credits.

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Informative language

Neutral language

Article tone

formal

Language

English

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Offensive language

not offensive

Hate speech

not hateful