Daniel's questions to HONDA MOTOR CO (HMC) leadership • Q1 2026
Question
Requested clarification on the actual effective tariff rate under USMCA for the first half of the year and asked for examples of specific parts or components that benefit from a lower, alleviated tariff rate.
Answer
The company declined to provide the effective tariff rate or specific examples of low-rate parts, citing the need to protect sensitive cost structure information. However, they did provide an example of high-rate components: critical hybrid system parts imported from Japan, noting that localizing their production in the US is a key strategic focus.