The auto industry is facing trade chaos. Will the USMCA renewal make it worse or better?

USMCA Under the Microscope: First Review Looms on July 1 The United States-Mexico-Canada Agreement (USMCA), a key trade deal between the US, Mexico, and Canada, is set to face its first review on July 1. As the agreement enters its second year, stakeholders are gearing up to discuss crucial aspects of the deal, including the rules of origin, labor requirements, and the review schedule. With the rapid growth of electric vehicles (EVs) and autonomous vehicles, some industry players are pushing for updated rules to accommodate these emerging technologies. The review is expected to be a critical moment for the USMCA, with potential implications for trade, investment, and economic growth in North America.

The USMCA faces its first review July 1. Rules of origin, labor requirements and the review schedule are on the table. Some stakeholders want updated rules to accommodate EVs and autonomous vehicle ...