businesstimes.com.sg

Toyota Faces Output Risks From Proposed 50% Canadian Car Tariff

Toyota logoToyota
Sig3.68Sen-3.75Env0.00Soc-1.02Gov0.00
Honda logoHonda
Sig3.22Sen-3.31Env0.00Soc-0.90Gov0.00

Toyota could have to close some US production lines if proposed 50% tariffs on Canadian cars take effect on Jan 1, 2027. The US is Toyota’s biggest market, with Canadian-built vehicles making up 17% of its 2025 sales; Chinese rivals are barred there. Toyota is investing up to $10B over five years to expand US capacity, but a planned eighth plant depends on extended USMCA talks.

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