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USMCA Watch: Honda, Autoliv may have work to do as uniform regulations arrive

Canada 451 Cons. Discr. - Autos 1039 Mexico 788 Trade Deals 943 U.S. 4937 USMCA 442

The U.S. government has published detailed regulations for the autos industry in order to implement the U.S.-Mexico-Canada-Agreement (USMCA) from July 1. These “uniform regulations” define how to calculate the regional value-added per vehicle that allows them to be transferred across North America without tariffs. One requirement relates to the amount of steel “melted and poured” in the region which can complicate the entire supply chain. The changes could require car companies to review their metals supplies, particularly into Mexico. Panjiva’s analysis shows total steel and aluminum im...

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