Honda CEO Mibe: Tariffs Should Be Set As Low As Possible
ReutersMay 20, 2025 7:10 AM
May 20 (Reuters) - Honda Motor Co Ltd 7267.T CEO Toshihiro Mibe:
HAVE NOT DECIDED YET WHETHER WE WILL LAUNCH A PLUG-IN HYBRID VEHICLE OR NOT
IF TRUMP'S TARIFFS WILL BE AROUND FOR LONGER, WE'LL HAVE TO TAKE THE THOUGHT OF PRODUCING MORE U.S.-SOLD CARS IN THE UNITED STATES, BUT CONDITIONS ARE CHANGING DAILY
IF JAPANESE WERE TO MOVE THEIR PRODUCTION TO THE U.S. DUE TO TARIFFS, IT WOULD LEAD TO A HOLLOWING OUT OF JAPANESE INDUSTRY
THEREFORE THEY CAN'T EASILY MOVE PRODUCTION LOCATIONS TO DEAL WITH TARIFFS
I THINK TARIFFS SHOULD BE SET AS LOW AS POSSIBLE
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