US EditionTariffs Are Supposed to Promote Domestic Investments, but Transitioning Supply Chains Could Take Years
- Honda revealed plans to shift the manufacturing of its CR-V model from Canada to the United States in response to tariffs introduced by President Donald Trump starting in April 2025.
- The tariffs aim to encourage domestic manufacturing amid rising import costs, prompting multiple companies to relocate supply chains and invest in U.S. Infrastructure.
- Major firms like Hyundai, Stellantis, Apple, Nvidia, and medical researchers announced investments ranging from billions up to $500 billion to expand U.S. Production over the coming years.
- Goldman Sachs estimated the tariffs might create 100,000 manufacturing jobs but could cause 500,000 job losses elsewhere, with expert Kimberly Reuter warning less than 30% of companies may fully follow through on commitments.
- Experts say relocating supply chains will take around five years for meaningful U.S. Manufacturing and over a decade to compete with China, highlighting complex challenges despite the stated investments.
17 Articles
17 Articles
The Billings Gazette
The Daily Gazette'We need USMCA': Auto suppliers face distress from Trump tariffs
SOUTHFIELD, Michigan — Working to have the U.S. government honor conditions of the United States-Mexico-Canada trade agreement is a top priority for the vehicle suppliers' lobbying trade group, the association's leaders said Friday.
Tariffs are supposed to promote domestic investments, but transitioning supply chains could take years
Honda is among the latest major companies to announce it's shifting its production to the U.S. The carmaker announced it will move production of its CR-V from Canada to the U.S. because of tariffs.Honda isn't alone as companies aim to relocate supply chains and infrastructure to the U.S. amid growing concerns about the cost of importing goods from abroad due to President Donald Trump's tariffs.Hyundai recently announced a $21 billion investment …
Honda, Nissan expect billions in losses due to tariffs
President Donald Trump’s 25% tariffs on foreign-made autos, which began in April, are hitting two major Japanese automakers hard. Honda Motor Co. forecast a $4.4 billion drop in profits this fiscal year, while Nissan said it expects tariffs will cost the company at least $3 billion. The Wall Street Journal reported that both automakers released their guidance for the coming months on Tuesday, May 13. The downturn could rattle Japan’s economy, as…
Honda projects 70 percent drop in FY 2025 net profit
Tokyo (Jiji Press) — Honda Motor Co. said Tuesday that its group net profit in the current fiscal year through next March is forecast to plunge 70.1 pct from the previous year to 250 billion yen. The major Japanese automaker expects its fiscal 2025 operating profit to be dragged down by 650 billion yen due
Coverage Details
Bias Distribution
- 82% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
