Inside U.S. Trade - 11/08/2019
Sources: USTR wants auto companies to agree all production will comply with USMCA
The Office of the U.S. Trade Representative is pushing auto companies to commit that all of their output -- even autos manufactured and sold within the U.S. -- will meet U.S.-Mexico-Canada Agreement regional value requirements, tying the demand to requests for longer transition periods for complying with USMCA auto rules of origin, sources tell Inside U.S. Trade. USMCA would give auto and auto-parts manufacturers three years to transition into full compliance with the new auto rules of origins. But...