Automakers would sell 140,000 fewer cars per year under President Trump’s proposed replacement for the North American Free Trade Agreement, according to a report released Thursday by the U.S. International Trade Commission.
The findings contradict arguments from the Trump administration that the new pact with Canada and Mexico will increase the number of cars that are built in the U.S. Changes to the percentage of a car’s parts that have to come from one of the three countries to qualify for duty-free treatment, known as rules of origin, “would lead to an increase in U.S. automotive parts production, partly offset by a small decline in U.S. vehicle production,” the report said.
Read the article at The Detroit News.
The post New NAFTA Would Hurt Car Sales, Hike Prices appeared first on Fleet Management Weekly.
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