In response to tariff talk from the Trump administration, Honda appears to be getting ready to move production of CR-V crossovers intended for American customers away from its plant in Canada and towards a facility in the United States. But hold the phone: it seems the situation may not be completely dire.

Honda is the latest automaker to warn of a massive hit to its profits as a result of President Trump's auto tariffs.

Slowing demand for EVs and US tariffs impact on Canada’s auto sector force the Japanese automaker to postpone plans for an EV supply chain in Ontario, dealing a severe blow to Canadian EV ambitions.

Japanese automaker Honda Motor Co. (HMC) is postponing a $15-billion electric vehicle (EV) project in Ontario as it shifts more production to the U.S. due to American import tariffs. In announcing the Canadian manufacturing pause,

Honda said on Tuesday it would postpone by at least two years its large-scale investments to establish an electric vehicle supply chain in Canada. Originally announced in April of last year , the project is valued at $15 billion,

Production of Hondo Motor Co.’s first ... the automaker said. Honda plans to shift all new car sales to EVs and fuel cell vehicles (FCVs) by 2040, with the transition to EVs to begin in earnest ...