USMCA parties agree to eventual 'melted and poured' standards for steel and aluminum

The U.S., Mexico and Canada have agreed to implement “melted and poured” standards for steel and aluminum used in vehicle production -- seven and 10 years after the deal is in effect, respectively. The USMCA automotive rules of origin contained a requirement that 70 percent of the steel and aluminum purchased by vehicle assemblers qualify as originating in North America. The deal has been updated; it now says that after seven years , for steel used in vehicle production to...