8legs: Us-mexico-canada agreement

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Automotive trade groups urge US to extend USMCA over bilateral deals

Auto trade groups urge the USTR to extend USMCA rather than pursue separate bilateral deals.
The letter emphasizes preserving North American supply chains amid rapid tech change.
All seven groups warn splitting USMCA would add complexity and regulatory divergence.
The letter notes the timing ahead of the July review deadline.
Formal bilateral negotiations were planned to start in Mexico City in late May.
The associations include brands like General Motors, Volkswagen, Tesla, Toyota, and Hyundai.
Trump's tariff actions are part of the broader context cited by groups.
Tariffs have affected relative costs of sourcing from different markets.
USMCA requirements include 75% North American content for vehicles.
Industry groups say the agreement delivers tens of billions in efficiency savings yearly.

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