ITC: USMCA auto rules impacted auto industry, not broader economy

The economic effects of the U.S.-Mexico-Canada Agreement’s rules of origin for automotive vehicles have been limited to the auto sector, the U.S. International Trade Commission says in a new report, finding that they benefitted auto parts makers while causing light vehicle producers to fare slightly worse. The ITC on Tuesday released its second report on the economic impact of the USMCA auto rules. The study, mandated under the deal’s implementing legislation, follows on a 2023 report that similarly found the...