There US Softening has been some advancement on the NAFTA front since it seems that the US is softening its position on NAFTA. A report has come out that the US commerce team is seeking to back down on its formerly strict position as talks between the USA, Canada and Mexico continue.
The unconfirmed report suggests that the US is no more demanding that 50% of the material on any car coming in the USA from a NAFTA country has to be made up of the US sourced components. This particular clause was a significant thorn in the sides of both Mexico and Canada since they view this as a clear effort to change automotive production infrastructure investments from Canada and Mexico and back into the United States.
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The present North American Free Trade Agreement requires no less than 62.5percent of any automobile’s content which enter the USA come from a NAFTA partner, however, the Trump exchange delegation has been compelling for the minimal amount of NAFTA associate parts be 85% and that 50 per cent of the content be sourced from USA manufacturing.
The about-face is welcome information for both the Mexicans and the Canadians since they’ve ever gone on record to say that this degree of US dedicated components is a controversial matter. Even the United States Trade delegation, which will be headed by US Trade Representative Robert Lighthizer, happen to be playing basketball on this particular clause.
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There isn’t any real indication as to why their position may have changed or at which they expect to land on this particular situation. The Canadians, headed by Christine Freelander, are cautiously optimistic about this shift in leadership but have to comment specifically with this newest shift, but keep to openly say that they continue to operate well with their US and Mexican counterparts.