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Tag Archives: USMCA
Variables Abound – Meet the New NAFTA
AutoInformed agrees that the text offers greater certainty about the future of North American automotive production, trade, and investments, the USMCA still must be signed, ratified, and the enabling legislation must be passed in each of the three countries before the agreement can go into effect on the target date of 1 January 2020. It’s by no means a sure bet. Continue reading
NAFTA Lite – US-Mexico-Canada Agreement Hurts US Workers
Roughly 30% of the 2.33 million vehicles imported to the U.S. from Mexico in 2017 don’t meet the current 62.5% content requirement. Continue reading
Two-Faced UAW Endorsement of Trump’s Tariff Wars
Late yesterday the UAW issued a complicated and nuanced endorsement of king Donald Trump’s imposition of tariffs on the auto industry. The 25% tariff covers cars and car parts or components imported into the United States. They are planned to take effect on 3 April, Trump decreed yesterday. Simply put roughly half of all vehicles sold in the United States are imported. Furthermore, ~60% of the parts used to assemble vehicles in the country are imported. Continue reading →