U.S. Trade Representative Robert Lighthizer is finishing up the third round of NAFTA negotiations alongside counterparts from Mexico and Canada.
They’re talking cars. Right now, a law known as the “rules of origin” states that for a car produced in NAFTA countries, 62.5% of its total value must originate in those countries. BUT there aren’t any country-specific mandates. Expect the U.S., which feels like it’s getting stiffed in vehicle manufacturing, to demand a minimum level of U.S.-made parts.
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