USMCA Watch: Toyota, Mitsubishi May Face Future Canadian Complaints — Panjiva
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USMCA Watch: Toyota, Mitsubishi May Face Future Canadian Complaints

Canada 491 Cons. Discr. - Autos 1179 Materials - Metals/Mining 751 Metals - Aluminum 248 Metals - Steel 513 Mexico 881 Trade Deals 1000 U.S. 5317 USMCA 456

The new U.S.-Mexico-Canada trade deal is not to everyone’s taste. The Aluminium Association of Canada has warned the deal may mean Mexico is “more or less China’s North American backyard to dispose of the products of its overcapacity”. Specifically the new rules for automotive sourcing require steel to be “melted and poured” in North America, but not aluminum. The AAC’s recourse will likely lay in future tariff actions rather than restructuring USMCA once more. Mexican imports of aluminum by the major automakers reached $560 million in the 12 months to Oct. 31, just one-fifth the level o...

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