New NAFTA to land $34 billion investment for US automakers says USTR

April 18, 2019 – According to a US Trade Representative report issued today, “USTR estimates that new capital investments attributable to the proposed US-Mexico-Canada (USMCA) trade deal by automakers and battery suppliers will total approximately $34 billion over 5 years.

US Auto

This figure is based on information about future investments provided by automakers, as well as publicly announced investments motivated by the USMCA’s automotive Rules of Origin (ROO).

It includes approximately $15.3 billion in publicly announced investments by Fiat Chrysler, Ford, GM, Toyota, VW and SK Innovation.

As a point of comparison, the additional $34 billion of investments over 5 years attributable to the USMCA is equivalent to 50% of the value of all international automaker investments in the US since the implementation of NAFTA in 1994.

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