Honda warns 50% tariff on Canadian auto parts would cripple industry
Honda senior vice president Jennifer Thomas warned that a proposed 50% U. S. tariff on Canadian auto parts would cripple the North American automotive sector and called for a trilateral trade agreement. The warning comes after the Trump administration announced a series of tariff changes affecting Canadian goods. NBC reported that the White House granted exemptions for certain Canadian agricultural and forestry products ahead of the November midterms. Reuters noted that President Donald Trump signed an order removing 50% tariffs on several Canadian items, a move seen as benefiting Maine businesses. The BBC said the administration would reduce 50% tariffs on select products from 30 October while adding duties on others. BNN Bloomberg reported that new U.
S. tariffs threatened the Canadian hardwood-flooring industry, risking thousands of jobs. CP24 quoted a senior U. S. economic adviser who said trade talks with Canada were progressing despite fresh 50% tariffs. The Globe and Mail detailed that the United States lifted 50% tariffs on 22 categories and imposed duties on 100 new categories, affecting roughly $2. 5 billion in each direction. CBC noted that trade talks have intensified but significant gaps remain, and later reports said negotiations on steel and auto tariffs continue as both governments seek relief ahead of the elections.
