As the United States-Mexico-Canada Agreement (USMCA) review kicks off on July 1, the automotive industry is holding its breath. The three-year review, mandated by the trade deal, is expected to assess the pact's impact on the North American market and make recommendations for potential changes. If the review yields significant revisions, automakers, suppliers, and dealers could face new regulations, tariffs, or even the loss of preferential access to the US, Mexican, and Canadian markets. With the global automotive landscape already navigating significant disruptions, the outcome of this review could have far-reaching consequences for consumers, who may see changes in vehicle pricing, availability, and features.
The USMCA review begins July 1, and its outcome could have major implications for automakers, suppliers, dealers and consumers across North America.
