Mexican auto parts firms expect record year after U.S. backs trade deal

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Mexican auto parts manufacturers with clients across North America expect a record year after U.S. approval of a trade deal mandating higher regional inputs, but the new rules pose a bigger challenge to carmakers. After months of wrangling, U.S. lawmakers on Thursday ratified the United States-Mexico-Canada Agreement (USMCA), brokered at the behest of President Donald Trump to replace the 1994 North American Free Trade Agreement (NAFTA). The accord, which Canada's parliament is expected to app

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Mexican auto parts firms expect record year after U.S. backs trade deal originally appeared on Autoblog on Sat, 18 Jan 2020 11:05:00 EST. Please see our terms for use of feeds.

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