Canadian bank economists: U.S. arguments for NAFTA auto rule-of-origin changes don't add up

The U.S. automotive rule-of-origin proposal in the NAFTA talks is "an ill-conceived solution in search of a problem," Scotiabank economists say in a new report. Noting that the proposal is likely to be a "flash point" in the next round of talks, set for late January in Montreal, the report's authors set out to examine the data behind it, which they found wanting. "There is little evidence to support the U.S. view that NAFTA content in Canadian- and Mexican-assembled automobiles...