Mexico-NAFTA specs

August 28, 2018 – The following USTR Fact Sheet spells out the new trade deal with Mexico.

https://ustr.gov/about-us/policy-offices/press-office/press-releases/2018/august/rebalancing-nafta-support

BMW image

An example from the automotive sector is this:

German auto-maker BMW recently built a $2 billion assembly plant in Mexico (almost complete). Most of their core parts were coming from the EU (steel/aluminum casting components) and/or Asia (electronics). Now the assembly plant will have to source 75% of the auto-parts from the U.S. and Mexico, with 45% of those parts from facilities paying $16/hr. Result: BMW will need to modify their supply chain and build auto parts in the U.S. and Mexico.

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