USMCA is in effect, ready or not

John Irwin, Automotive News Canada August 3, 2020 Automakers and suppliers face a “heavy lift” in adapting to new North American trade rules during a health crisis that has roiled the global economy. “It’s literally unprecedented to learn and comply with such a complex and new set of rules and origin in less than 30 […]

Auto industry relieved by NAFTA 2.0, but results may be mixed

Regional content rules make supply chains less efficient, hiking prices and threatening sales Janyce McGregor CBC News Sighs of relief rippled across the North American car industry on Monday. There would be no “Carmageddon” caused by auto tariffs torpedoing cross-border trade, now that NAFTA 2.0 had found a safe landing zone. U.S. President Donald Trump had […]

Sticker shock: Trump’s new trade deal could bring higher car prices

MEGAN CASSELLA and ADAM BEHSUDI President Donald Trump’s new North American trade deal could lead to some increased investment in the U.S., as he promised — but it will come at a price to consumers. The newly struck three-way agreement includes numerous strict new rules requiring auto manufacturers to source a significant portion of their […]