USMCA trade pact comes into effect, penalties to wait for one year
On July 1, the United States-Mexico-Canada (USMCA) trade agreement came into effect, replacing the North American Free Trade Agreement (NAFTA).
The new pact requires automakers to produce cars with 75% of parts originating from the U.S., Canada or Mexico — up from 62.5% — within five years to qualify for duty-free tr....
The new pact requires automakers to produce cars with 75% of parts originating from the U.S., Canada or Mexico — up from 62.5% — within five years to qualify for duty-free tr....
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