US may tighten car import rules to move production to the country
Kyiv • UNN
The Trump administration is discussing new requirements for the share of American parts in cars. This is intended to force companies to move factories from the US to Mexico and Canada.
The administration of US President Donald Trump is considering strengthening rules for car imports to stimulate the relocation of production to the country. This is reported by Bloomberg, writes UNN.
Details
According to sources, Washington is discussing the introduction of requirements for a minimum share of American components in cars imported into the US.
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The option of limiting car manufacturers' ability to reduce tariff rates under the US-Mexico-Canada Agreement (USMCA) is also being considered, which could effectively increase the cost of cross-border shipments.
Discussions at an early stage
Currently, these ideas are at an early stage and have not been officially presented to Canada or Mexico. Discussions are being held both within the administration and with representatives of the automotive industry.
At the same time, the White House states its intention to review trade policy with the aim of strengthening domestic production.
Reason - lack of effect from tariffs
Washington is dissatisfied that previously introduced duties, including 25% on imported cars and parts, have not led to a significant return of production to the US.
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Despite announced investments, the country is still heavily dependent on imports, especially in the affordable car segment.
The issue of automotive trade will be one of the key topics during future US-Mexico negotiations. American officials are already criticizing the current agreement as insufficiently effective in supporting national industry.
Current rules stipulate that 75% of a car's components must originate from North America for duty-free market access.