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

Canada 418 Cons. Discr. - Autos 921 Mexico 709 Trade Deals 886 U.S. 4478 USMCA 424

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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