Mexican Minister Says Rules Of Origin To Change Under Trump’s NAFTA Overhaul

Mexico’s economy minister says the country, alongside Canada and the United States, could alter rules regarding a product’s country of origin as part of a renegotiation to the North American Free Trade Agreement (NAFTA).

Reuters reports that rules of origin in NAFTA will play a key role in the recognition of the deal being led by President Trump.

Speaking on Mexican radio, Mexican economy minister Ildefonso Guajardo said “They want to strengthen the value chains in North America and this means we’ll have to conduct a very thorough review of the treaty’s rules of origin.”

The existing rules of origin of NAFTA outlines where products are sourced from and if restrictions on rules of origin are tightened, North American companies may have to increase their reliance on regional content.

One of Trump’s key reasons for wanting to alter or scrap NAFTA relates to the automotive sector. He wants to dissuade automakers from building cars in Mexico and importing them into the United States in an attempt to increase U.S. manufacturing jobs.

PHOTO GALLERY

  • U8INIT

    Oh yea?! He should stop having his clothes made in China first of all… but what I don’t see is if this will have the impact he’s looking for during his presidency.

  • DJ

    What about all the hondas and hyundis toyotas, nissans, BMWs Mercedes…. that are built in the US ? Ford still makes trucks in the US, and they are supposed to be their biggest seller. So is this really going to restore ‘merican manufacturing ?

    how about we raise the import tax on good from China and close down Walmart ?

  • Let’s reverse that trade deficit in our favor by many billions, for 20 years, and then we can talk, Mexico.

  • JonPaul

    That photo … excuse me while I go puke!

    • Enter Ranting

      Oh, that’s just a candid photo of Drumpf “writing” his inaugural address. The carnage!

  • Jayen DeHaart

    The last shit car I had was made in… Merica. Ford Focus made in Wayne. Since that car crapped out on me with less than 120K miles I have had two Mexican made cars with ZERO problems. Knowing now that every car that is made in America that I can afford to buy is made in one shitty Trumpville or another, I will go out of my way to buy cars that were not made in the USA.

  • smartacus

    China has a 25% tariff on US built cars, plus other fees which brings it up to 50%.

    We should do the same.

    But China doesn’t sell any cars here…ok except for Vulva.

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