Exclusive: Mexico-U.S. deal includes Mexican auto export cap -sources
Wednesday, 29 August 2018 By David Shepardson and Ana Isabel Martinez WASHINGTON/MEXICO CITY (Reuters) - A proposed U.S.-Mexico trade deal would allow PresidentDonald Trump to impose punitive tariffs of up to 25 percent on imports of Mexican-made cars, sport utility vehicles and auto parts above certain volumes, auto executives and sources said on Tuesday. The United States and Mexico agreed on Monday to overhaul the North American Free Trade Agreement (NAFTA), pressuring Canada to agree to new auto trade and dispute settlement rules to remain part of the three-nation pact
The Trump administration has agreed to a new deal with Mexico and Canada. The new deal is called the United States-Mexico-Canada Agreement (USMCA). U.S. Commerce Secretary Wilbur Ross thinks this will..
The output of auto parts in Mexico will go up about 10 percent over the next three years as automakers scramble to adhere to stricter content rules laid out in a new North American trade deal. Reuters..