Trump admin: USMCA would lead to North American auto industry surge [FOX Business Network]
Ford Motor Company (F)
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Source: FOX Business Network
Trump admin: USMCA would lead to North American auto industry surge video USMCA's potential economic impact Rep. Vern Buchanan, R-Fla., on the USMCA and the current political climate on Capitol Hill. A new trade deal jobs North American automotive industry Continue Reading Below Based on confidential data provided by the major carmakers with operations in the region, the sector would invest roughly $34 billion and create 76,000 jobs within five years of passage of the United States–Mexico–Canada Agreement. "The actual impact, of course, may vary, depending on macroeconomic and other factors unrelated to the USMCA," the USTR wrote. MORE FROM FOXBUSINESS.COM... Industry analysts and other experts previously forecasted that automotive provisions in the agreement – including the mandate that carmakers must increase the portion of an automobile made in North America from 62 percent to 75 percent – would result in more production in the U.S. Ford Motor Co., Fiat Chrysler and Toyota, among
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