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The Canadian Press on MSN12d
Auto parts makers have managed to fend off the worst of tariffs – for now
Martinrea and Linamar highlighted compliance with the Canada-U.S.-Mexico Agreement as a source of shelter from the harsh ...
Mr. Trudeau, speaking before the auto-content ruling was unveiled, used a speech to a business audience at the city’s Centro University to defend the USMCA and urge a retreat from protectionism.
OPINION This week, Mexico and Canada won a major lawsuit against the United States before an international trade panel. At issue was the question of “how much of a car needs to be made in North ...
Perhaps most importantly, the USMCA requires that 75% of work on vehicles be done within North America in order to avoid import tariffs. That's a boost from NAFTA's quota, which was only 62.5%.
Six percent said higher costs would make North America less competitive in the auto industry over the long term, and 5% said USMCA would decrease North American vehicle production over the long ...
Under the USMCA, auto parts procurement must meet specific rules to qualify for duty-free treatment. These rules are designed to encourage regional production and sourcing within North America.
The U.S. auto industry average is up at 20.8% for the same period, if you need to compare. Meanwhile, Tesla’s five-year average past earnings contraction by 50% shows you where it’s coming ...
The auto and steel sectors remain locked in a tariff standoff, with the United States holding a 50 percent duty on ...
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