Honda Says U.S. Tariffs on Mexican Imports Would Prompt Operational Rethink

2/3/2017 New York Times

cars in trafficTOKYO — Japan’s Honda Motor Co Ltd on Friday said it would need to rethink its operations in Mexico if the United States, its biggest market, raised tariffs on imports from the country as proposed by U.S. President Donald Trump.

Honda is among global automakers under pressure from Trump to ensure more cars sold in the United States are made locally, to increase jobs and shrink that country’s global trade deficit.

Japan’s third-biggest automaker said Trump’s proposed 20 percent tariff on imports from Mexico could prompt a rethink of its presence there, where it operates two vehicle assembly plants. Last year, Honda made around 250,000 vehicles in Mexico, more than half of which were exported to the United States.

Read more…

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s