Economics
How Trump Getting His Way on Nafta Would Reshape the Auto Sector
Lighthizer Says Nafta Has Caused Huge U.S. Trade Deficit
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Mexico, Canada and the U.S. are at loggerheads after the latest round of Nafta negotiations, with America’s neighbors rejecting hard-line proposals by the Trump administration that risk throwing automotive trade on the continent into disarray.
President Donald Trump’s proposed changes -- including requiring vehicles have 85 percent Nafta-sourced parts with half coming from the U.S. to avoid duties in the region -- are nonstarters for his two major trading partners. Though more talks are planned for November and into next year, the discussions are slow moving as Mexico and Canada remain unwilling to yield to Trump’s America-First demands.