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The United Auto Workers favors the U.S. methodology and wants a higher most favored nation tariff to coax companies to meet USMCA’s rules of origin.
Six percent said higher costs would make North America less competitive in the auto industry over the long term, and 5% said USMCA would decrease North American vehicle production over the long term.
Canada is dropping many of its retaliatory tariffs to match U.S. tariff exemptions for goods covered under the United ...
MEMA’s Paul McCarthy says tariffs strain suppliers but open vehicle powertrain choices and Right-to-Repair efforts bode well for aftermarket growth.
Known as the United States–Mexico–Canada Agreement (USMCA), the deal would effectively prevent the U.S. from imposing new auto tariffs on the other two nations. A side-agreement would allow ...
The auto industry was hoping the rules would not be enforced until Jan. 1, 2021, but U.S. Customs and Border Patrol will enforce the new USMCA rules after a 90-day grace period, or by Oct. 1. "The ...
USMCA enters into force July 1. Meanwhile, auto makers also have been weighing whether to ask for more time to comply with USMCA's tougher automotive rules of origin.
The majority (78%) of automotive executives feel that the changes required by USMCA will have a positive impact on their company in the long term, and more than half (53%) feel USMCA will ultimately ...
Auto industry groups used a trade commission hearing to warn about the ill effects from U.S. steel and aluminum tariffs, and potential new tariffs on autos and auto parts.
OPINION This week, Mexico and Canada won a major lawsuit against the United States before an international trade panel. At issue was the question of “how much of a car needs to be made in North ...
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