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How Will the Shift from NAFTA to USMCA Affect the Auto Industry?

October 12, 2018

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The Trump administration’s unapologetic disparagement of the North American Free Trade Agreement (NAFTA) has resulted in a replacement agreement, announced October 1, with the governments of Canada and Mexico.

Now that NAFTA is called the United States-Mexico-Canada Agreement (USMCA), how has it changed besides in name?

The USMCA will implement four measures affecting automakers, (which we address in more detail in our white paper “U.S. & China: Tariff Impact Report”).

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