USMCA Watch: Daimler, VW Face Tough Choices as ITC Report Flags Autos Upheaval — Panjiva
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USMCA Watch: Daimler, VW Face Tough Choices as ITC Report Flags Autos Upheaval

Canada 341 Cons. Discr. - Autos 676 Mexico 516 Trade Deals 708 U.S. 3362 USMCA 378

The U.S. International Trade Commission’s 379 page report on the economic effects of USMCA has concluded there will be a small positive impact on trade within the region. The deal nonetheless faces significant political hurdles in all three countries. In terms of trade in goods there’s not expected to be a significant impact outside of the automotive industry, where the ITC expects an increase in U.S. production of parts but also an increase in prices and drop in vehicle purchases. Mexico and Canada accounted for 49.7% of U.S. imports of engines and drive-train components ...

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