This is the second half of our discussion and scorecard on the CUSMA/USMCA poison pills. For detailed discussion on dairy and dispute resolution, see our last column.
Autos: A Canadian Solution, a Qualified Win for both Canada and the U.S.
The opening U.S position on autos was that all NAFTA-qualifying vehicles must have at least 50% U.S. content, and 85% overall North American content. Both Canada and Mexico rejected this position. It was some lateral thinking by Canadian negotiators during the January 2018 round that led to a new approach. The Canadian concept entailed the use of a formula . . . [more]