'Honda, Nissan To Reach Deal On Joint Development Of Vehicle Software' - Nikkei Asia
https://asia.nikkei.com/business/automobiles/honda-nissan-to-reach-deal-on-joint-development-of-vehicle-software
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https://asia.nikkei.com/business/automobiles/honda-nissan-to-reach-deal-on-joint-development-of-vehicle-software
President Trump announced tariffs on Canadian vehicles will rise to 50% on January 1, 2027, doubling the current 25% rate. However, GM's stock showed muted reaction as the company has demonstrated resilience in the previous tariff cycle, absorbing $3.1 billion in costs against a $5 billion forecast and offsetting over 40% through pricing and manufacturing adjustments. GM has also reduced its Canadian footprint and raised profit guidance twice in 2026.
Trump's 50% tariffs on Canada may harm top-selling models from automakers like GM, Ford, Toyota, Stellantis, and Honda.