USTR sticks to USMCA auto rules interpretation despite panel verdict

The U.S. on Monday made clear it does not intend to comply with a U.S.-Mexico-Canada Agreement dispute settlement panel ruling that faulted its application of the deal’s automotive rules of origin, warning that doing so would increase non-North American content in vehicles by up to 20 percent. The U.S. contends that core auto parts found to meet USMCA content requirement despite containing foreign content should not be counted as originating entirely in North America under the deal’s overall regional value...