USTR lowers regional value content demand for NAFTA cars to 75 percent

U.S. Trade Representative Robert Lighthizer has backed off his initial demand that a NAFTA car must include 85 percent regional value content to qualify for duty-free treatment and is now seeking a 75 percent threshold, sources briefed on the revised proposal say. USTR has also reduced its call for five categories of auto parts -- ranging from most critical to less critical -- to a demand for just three, sources said. The most critical components would have to meet a...