07
2024
-
04
Trump NAFTA renegotiation requirements to increase the ratio of North American vehicles produced by the foreign car companies opposed by the majority of foreign car companies
According to foreign media reports, the Trump administration stipulates to raise the local production ratio requirement of foreign car companies in North America, but Toyota, Volkswagen and Hyundai as the representative of the organization called "Here for America" to the main U.S. lawmakers said that these foreign car makers in the United States have factories do not agree with the regulation. The foreign automakers, which have plants in the U.S., did not agree with the rule.
According to foreign media reports, the Trump administration stipulates to raise the local production ratio requirement of foreign car companies in North America, but Toyota, Volkswagen and Hyundai as the representative of the organization called "Here for America" to the main U.S. lawmakers said that these foreign car makers in the United States have factories do not agree with the regulation. The foreign automakers, which have plants in the U.S., did not agree with the rule.
Talks between Mexican Economy Minister Ildefonso Guajardo and U.S. Trade Representative Robert Lighthizer will resume in Washington on Aug. 21 local time to try to resolve the remaining bilateral issues, with the two sides on the verge of reaching a bilateral agreement on automobiles that would require foreign-owned carmakers to produce locally in North America. The ratio would be raised from the current 62.5 percent to at least 70 percent, so that Canada, which has been on hold for weeks in the talks, could return to the negotiating table.
Relevant news
Auto parts market: China's mark is clear
2024-04-07
Where should auto parts companies go?
2024-04-07
