Updated

Honda warned that a 50% U.S. tariff on Canadian vehicles and parts would be catastrophic for the auto industry, CNBC reported on October 27, 2026. President Donald Trump has threatened to raise tariffs on Canadian vehicles and parts from 25% to 50% if a trade deal is not reached between the two countries. The source reporting did not give details of Honda's specific projections, the timing of any tariff decision or any response from Canadian officials.