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Exclusive: Mexico-U.S. deal includes Mexican auto export cap -sources

Firstpost Wednesday, 29 August 2018
By David Shepardson and Ana Isabel Martinez WASHINGTON/MEXICO CITY (Reuters) - A proposed U.S.-Mexico trade deal would allow President Donald 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
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News video: Mexico-U.S. Deal Includes Mexican Auto Export Cap

▶ Mexico-U.S. Deal Includes Mexican Auto Export Cap 00:34

According to Reuters, a proposed U.S.-Mexico trade deal could allow President Donald Trump to impose tariffs of up to 25 percent on imports of Mexican-made cars, sport utility vehicles and auto parts above certain quantities. This proposal is following the United States and Mexico's agreement on...

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