We believe the downside risks to automotive production in Mexico have been reduced after the USTR stated its objectives for the renegotiation of NAFTA and, therefore, provided some clarity as to the direction talks will take. The biggest risks that we identified in previous analyses, including the introduction of permanent tariffs or a significant rise in rules of origin requirements, have both...
Key provisions of the North American Free Trade Agreement (NAFTA) will likely remain intact following a renegotiation slated for August. While we highlight several potential flashpoints, the objectives laid out by the US prior to the negotiation will be widely acceptable to Mexican officials.
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