U.S. NAFTA auto rules proposal includes four-year phase-in, new wage threshold

The latest U.S. proposal for a new North American Free Trade Agreement auto rule of origin includes a new labor value content requirement and four-year phase-ins for higher regional value content requirements covering parts, which could be extended another two years if companies demonstrated “due diligence” in complying with the rule, according to a document reviewed by Inside U.S. Trade . Sources said the document reflects the U.S. position after Canadian Foreign Affairs Minister Chrystia Freeland and Mexican Economy Minister...