WASHINGTON (Reuters) — Mexican Economy Minister Ildefonso Guajardo said on Wednesday that demands by the Trump administration for a U.S.-specific automotive content requirement in NAFTA was “not viable,” and declined to specify when Mexico would formally respond.
At a news conference following a series of meetings with senior U.S. trade officials and lawmakers in Washington, Guajardo said that Mexico was still trying to understand the U.S. proposals that would require 50 percent of vehicles’ value content be produced in the United States as part of updated North American Free Trade Agreement rules.
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