US trade agency gives Congress list of policy changes required for USMCA deal

US Trade Representative Robert Lighthizer. (AP)

US Trade Representative Robert Lighthizer on Tuesday sent Congress a list of legislative changes required to implement the new US-Mexico-Canada trade pact, a key step in the approval process for replacing the North American Free Trade Agreement.

The list includes changes to US laws governing rules of origin for autos, which is significantly different from NAFTA, including a requirement that North American-built autos include significant content in plants with wages averaging at least $16 an hour -- effectively in the United States or Canada. It also requires legal changes that exclude Canada and Mexico from “global safeguard” tariffs as agreed under USMCA.

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Last Update: Wednesday, 20 May 2020 KSA 09:53 - GMT 06:53
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