Daniel's questions to Honda Motor Co Ltd (HMC) leadership • Q1 2026
Question
Daniel from Reuters sought to confirm the actual effective tariff rate under USMCA for the first half and asked for examples of components that receive alleviated tariff treatment.
Answer
Eiji Fujimura, CFO, refrained from disclosing specific tariff rates to protect cost structure information. Instead of providing examples of low-rate parts, he highlighted a high-rate category: critical hybrid system components like batteries, motors, and PCUs that are imported from Japan. He stressed that localizing the production of these next-generation components in the US is a primary focus for the company.