Honda might be a winner in the tariff wars

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The global car industry is on edge as US tariffs threaten to shake up its fragile supply chains. Carmakers are treading carefully, with General Motors, Stellantis and Tesla shifting some production to the US while bracing for higher costs.

Experts warn that a full-blown tariff war could trigger bankruptcies among weaker parts makers. A component manufactured in Mexico might for instance be sent to the US for processing before returning to Mexico for final assembly, which can result in tariffs being applied twice.