Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times
International Business Times
Business

Canada Offers Automakers Tariff Relief, Honda Denies Weighing Move

Japanese automaking giant Honda denied reports that it was weighing shutting down a plant in Canada (Credit: AFP)

Ottawa on Tuesday offered tariff relief to automakers on condition they maintain production in Canada, fearing US President Donald Trump's policies could trigger a flight of the key manufacturing sector to the United States.

The announcement coincided with a report in a Japanese newspaper that Honda was considering moving assembly lines from Canada to its southern neighbor, which the company denied.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.