Trump's NAFTA renegotiation request to increase the North American vehicle production rate was opposed by many foreign car enterprises
Published on:
2022-01-27
According to foreign media reports, the Trump government has stipulated that it is necessary to increase the local property ratio of cars produced by foreign car enterprises in North America. However, the organization named "Here for America", represented by Toyota Motor, Volkswagen and Hyundai Motor, said to the main American legislators that these foreign car manufacturers with factories in the United States do not agree with this provision.
According to foreign media reports, the Trump government has stipulated that it is necessary to increase the local property ratio of cars produced by foreign car enterprises in North America. However, the organization named "Here for America", represented by Toyota Motor, Volkswagen and Hyundai Motor, said to the main American legislators that these foreign car manufacturers with factories in the United States do not agree with this provision.
The talks between the Mexican Minister of Economy Ildefonso Guajardo and the U.S. Trade Representative Robert Lighthier will be reopened in Washington on August 21 local time to try to solve the remaining bilateral problems. The two sides are about to reach a bilateral agreement on automobiles, which will require foreign automobile manufacturers to increase the local ratio of automobiles produced in North America from the current 62.5% to at least 70%. In this way, Canada, which has been on hold for weeks in negotiations, can return to the negotiating table.
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