Honda warns it might raise prices if U.S., Canada fail to reach deal

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Honda executive VP Noriya Kaihara, seen here at a press conference in Tokyo earlier this year, says the automaker may need to raise prices in the U.S. if a trade deal doesn't get done with Canada. Photo: Kiyoshi Ota/Bloomberg via Getty Images

The apparent collapse of the conventional trade relationship between the U.S. and Canada could force Honda to raise prices in the U.S., one of the Japanese automaker's top executives warned.

Why it matters: Like most other automakers, Honda relies heavily on the North American supply chain to make the vehicles it sells here.