USMCA Dispute Decision Expected Soon
A dispute over the interpretation of regional trade rules for automobiles should be decided soon, said Canada Minister of International Trade Mary Ng.
A dispute over the interpretation of regional trade rules for automobiles should be decided soon, said Canada Minister of International Trade Mary Ng.
Letter penned by Canadian Trade Minister Mary Ng suggest proposed EV tax credits will harm North American auto industry and violate trade agreements.
The countries are at odds over a USMCA requirement that auto manufacturers to meet a 75% threshold for North American content for vehicles to qualify for tariff-free trade within the region.
A Trump-era USMCA interpretation could subject used vehicles shipped to the U.S. to import fees.
President Donald Trump, House Speaker Nancy Pelosi, and factory and labor officials all cheered the imminent passage of a revised version of the U.S.-Mexico-Canada trade bill.
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