U.S., Mexico focused on NAFTA auto rules transition; close on thresholds

The U.S. and Mexico are trying to finalize transition times to implement new auto rules of origin in the North American Free Trade Agreement after negotiating teams closed gaps in related areas, government sources close to the talks told Inside U.S. Trade. The sources said the U.S. and Mexico were close to agreement on a regional value content for steel and aluminum as well as on labor wage content requirements. In May, the U.S. proposed that 70 percent of...