On May 29, the U.S. Trade Representative's office announced that negotiators for the U.S. and Mexico concluded their first ‌bilateral negotiating round to revise the USMCA in Mexico City.
During the first round, negotiators discussed priority issues related to automotive rules of origin, steel and aluminum, and econo

The Trump administration is seeking to increase the level of regional content in North American-built vehicles to 82% to qualify for preferential treatment under the U.S.-Mexico-Canada Agreement, with ‌50% of that value to be produced in the U.S., according to four people familiar with the U.S. negotiating position a

On May 27, it was reported that Mexican automotive industry is urging the removal of U.S. Section 232 tariffs during USMCA review, warning that current conditions could eventually drive up vehicle prices and weaken competitiveness.
Mexican Automotive Industry Association (AMIA) highlighted that manufacturers are cur

On May 27, the Office of the United States Trade Representative announced that the U.S. and Mexico will hold a series of three bilateral negotiating rounds as it approaches the first Joint Review of the United States-Mexico-Canada Agreement (USMCA).
•    On May 28-29, Deputy United States Trade Representative Ambassa

On May 26, U.S. Trade Representative Jamieson Greer said that the ‌Trump administration intends to maintain tariffs on imports from Mexico and Canada as the U.S. launches negotiations to revamp the North American free trade pact. 
Speaking at a Council on Foreign Relations event in Washington D.C., Greer said "We're

On May 22, it was reported that Mexico and the European Union will eliminate tariffs on electric vehicles and batteries under a new trade framework, aiming to boost bilateral automotive trade and competitiveness. 
The measure is part of the Integrated Commercial Agreement (ACI) within the modernized Global Agreement,

On May 20, the European Commission welcomed the political agreement reached between the European Parliament and the Council of the EU on two Regulations eliminating tariffs on all US industrial goods and providing preferential market access for certain US agricultural and seafood products. The agreed final texts will

On May 13, it was reported that Mexico is negotiating with the U.S. to reduce automotive tariffs imposed under Section 232, aiming to bring them below 12% to maintain regional competitiveness in North America.
According to Gabriel Padilla, head of the Industria Nacional de Autopartes (INA), while the U.S. government

On May 8, U.S. President Trump said in a Truth Social posting that he will give the European Union until July 4 to finalize ratification of its trade agreement with the U.S., and warned that tariffs “would immediately jump to much higher levels” if the bloc failed to do so.
It was unclear which tariffs he was talking

On May 7, the U.S. Court of International Trade ruled against President Donald Trump's latest 10% global tariffs, finding across-the-board tariffs were not justified under a 1970s trade law. 
The 2-1 ruling of judges in favor of the small businesses that challenged the tariffs that took effect on February 24, followi

On April 30, the European Commission announced that the EU-Mercosur Interim Trade Agreement (ITA) will start being provisionally applied from May 1, 2026. The provisional application of the ITA will create new opportunities, supporting the exports of industrial goods, services, and agri-food products to Argentina, Br

On May 6, U.S. Trade Representative Jamieson Greer said that the changes the European Union is considering to the transatlantic trade deal hammered out last year could limit American exports to the bloc. “We didn’t agree to” those tweaks, Greer said ahead of a set of talks scheduled for the evening.
EU Trade Commissi

After a January 2026 visit to Beijing, Canadian Prime Minister Carney reduced the tariff on Chinese-made EVs from 100% to 6.1%, with a quota of 49,000 vehicles allowed for the first half of 2026. A second allocation of 24,500 vehicles will be allowed in September through February 2027, after which the quota will expa

On May 4, the European Automobile Manufacturers’ Association (ACEA) announced that it is urging co-legislators to conclude negotiations as quickly as possible ahead of the EU–US trade agreement trilogue talks scheduled for May 6, 2026. 
The automotive industry welcomes the broad cross-party majority achieved in the E

Following President Trump’s threat to impose a 25% tariff on EU car and truck imports on May 1, Bernd Lange, chair of the European Parliament’s trade committee, condemned the move as “unacceptable,” calling it further proof of U.S. unreliability. 
Trump had already imposed a 25% global auto tariff in early 2025 but l

Note: Some figures were updated on May 8.
According to preliminary figures compiled by MarkLines as of May 2, U.S. new‐vehicle sales in April 2026 (including estimated figures for GM, Stellantis, Tesla, etc.) totaled 1,374,365 units, down 6.0% year on year. The number of selling days in April was the same as a year e

On May 1, a government holiday celebrated in Europe and elsewhere to honor labor, President Trump said he was raising tariffs on cars and trucks imported from the EU from 15% to 25%, claiming that the trade bloc had failed to fully comply with a negotiated trade agreement. 
“I am pleased to announce that, based on th

On April 28, General Motors reported that its Q1 2026 earnings fell 5.7% compared to the same period last year as it has had to deal with tariff costs, a diminished EV market, and settlements with suppliers after cancelling programs.
However, GM is raising its full-year 2026 EBIT adjusted guidance due to a favorable

On April 23, the U.S. government announced that the Trump administration is offering relief from tariffs on steel and aluminum to individual companies if they make detailed commitments to increase U.S. capacity of primary steel and primary aluminum that supports U.S. production capacity for automobiles, medium- and h

On April 27, Canadian Prime Minister Mark Carney told CBC News that Canada and the U.S. could resolve the ongoing tariff dispute within days if the U.S. side had the "bandwidth and the inclination to go through with it."
Carney said that the Canadian side is ready to work on a deal that would see some of the tariffs