Honda Warns of Car Delivery Delays as Trump Victory Looms, Potential Tariffs Haunt Automakers
With Donald Trump poised for a return to the White House, automakers are bracing for potential disruptions to their US operations, Bloomberg reports.
Honda Motor Co. executive, Shinji Aoyama, has warned that tariffs on cars imported from Mexico could significantly impact the delivery of thousands of vehicles.
Trump has previously threatened to impose steep tariffs on passenger cars entering the US from Mexico. This, coupled with his pledge to roll back electric vehicle subsidies introduced under the Inflation Reduction Act, has sent shockwaves through the global automotive industry.
Echoing Honda’s concerns, executives at Daikin Industries Ltd., a leading air conditioning manufacturer, expressed similar anxieties about the potential impact of increased tariffs on their operations.
While Toyota Motor Corp. declined to comment directly on the implications of a second Trump presidency for the automotive industry, the possibility of significant disruptions remains a pressing concern.
Aoyama hinted at potential measures to mitigate the impact of potential tariffs, including increased lobbying efforts and shifting production to US facilities.
As the US election results continue to unfold, automakers are closely watching the situation, hoping for a clear path forward to ensure the stability of their US operations and supply chains.
