Gabelli Portfolio Bran Sponheimer’s wallet manager expresses her confidence in the elasticity of the automotive industry on the “Country count”.
Honda weighs plans to transfer some Car production From Canada and Mexico to the United States, where the industry is struggling with the latest tariff for President Donald Trump.
The auto industry goal is to ensure that 90 % of US sales with locally produced cars, According to a report By the Japanese newspaper Nikki.
The company is specifically looking for the potential production of CR-V and CIVIC to support this goal, according to the report. Over the next two years, the car maker is looking to increase American production by 30 % by adding more employees and transformations to its American operations to CR-V and CIVIC models.
Fox Business has arrived in Honda to comment.
Hyundai to invest $ 20 billion in the United States manufacturing
This comes at a time when Trump imposes definitions on the automobile industry to enhance production in the United States, the administration has argued that foreign auto industries have expanded due to “unfair support and aggressive industrial policies while” the United States ” The production of production. “

Honda CR-V sales are shown on sales sales in Honda Marin on October 16, 2024, in San Rafael, California. (Justin Sullivan / Getty Emp)
Trump, who is seen by customs duties as a means of achieving tax revenues to finance his tax discounts with local manufacturing activation, imposing a 25 % tariff in April On all imported passengers. This includes sedans, SUVs, transit operations, mini van, charging trucks and light trucks.
It also strikes the main car parts such as engines, transportation, power generation parts and electrical components, although there are “operations to expand definitions on additional parts if necessary.”
The Trump administration also plans to impose a 25 % separate tariff on the car parts that start on May 3. Initially, the parts of the United States, Mexico and Cananga agreement (USMCA) will be exempt from the customs tariff, although the Ministry of Commerce is expected to develop a plan to impose a tariff on non -American components. The agency is also expected to establish a process to impose definitions on other car parts by late June.

Honda HR-V 2024 is located on a merchant group on November 27, 2023, in Miami. (Joe Raedle / Getty Images)
While the Trump administration said the definitions will strengthen the American auto sector, Car experts argued that definitions It will exacerbate the ability to withstand costs regardless, especially since vehicles are not built or collected with 100 % local parts, according to the National Auto Traders Association.
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Honda is not the only auto industry company that is likely to transform operations. Hyundai announced plans in March to invest $ 20 billion to bring manufacturing operations to the United States
Part of this investment, about 5.8 million dollars, will go towards building a steel factory from the next generation that will provide two American factories and work more than 1,400 people. The rest of the funds will be allocated to expand manufacturing in the United States
Nissan CEO Makoto Uchida suggested that the Trump tariff can force the car manufacturer to transfer its production outside Mexico.
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