U.S. International Trade Commission launches CUSMA rules-of-origin auto investigation
BNN Bloomberg
The U.S. International Trade Commission has launched an investigation into rules-of-origin regulations for automobiles under the Canada-U.S.-Mexico agreement on trade.
A news release on the commission’s website says the investigation will analyze the regulations’ “impact on the U.S. economy, effect on U.S. competitiveness, and relevancy considering recent technology changes.”
It’s the third investigation of the rules since the trilateral trade pact, widely known as CUSMA, was adopted during the first administration of U.S. President Donald Trump. The commission is required to conduct an investigation every two years until 2031.
The report on automobiles must be delivered to Trump and the Senate by July of next year.
The deeply integrated North American automobile market has been upended by Trump’s 25 per cent tariffs on automobiles and separate duties on steel and aluminum.
Automobiles and parts were a critical factor in the negotiations that led to CUSMA replacing the North American Free Trade Agreement. The trilateral trade deal increased the regional value content requirements for allowing vehicles to be traded tariff-free.
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