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Mexico Sees U.S. Nafta Cars Idea as Completely Unworkable

  • U.S. wants tighter content rules for autos traded under Nafta
  • American auto industry, Congress have pushed back against idea
Bloomberg business news

No Clear Path for Autos in Nafta, Says Farnsworth

The Mexican government views the U.S. proposal for tightening content rules for car manufacturing under Nafta as not viable and likely to cause serious damage to the North American auto industry, said a person familiar with the nation’s stance.

Mexico hasn’t prepared or presented a counter-proposal because it sees the problem as going beyond the specific levels sought by the U.S. and thinks the entire concept is unworkable, said the person, who asked not to be identified discussing negotiations taking place behind closed doors.