Source: The Hill
by Marc L Busch
“In stump speeches in Michigan over the last few weeks, both presidential candidates made big promises to auto workers about U.S. trade policy. Their proposals will do more harm than good. Vice President Kamala Harris blamed the US-Mexico-Canada Agreement (USMCA) for what ails the industry, arguing that ‘it was Trump’s trade deal that made it far too easy’ to outsource American jobs. This was a veiled swipe at the pact’s rules of origin …. there’s evidence that auto firms and suppliers are choosing to forgo USMCA’s preferential treatment and export to the U.S. under World Trade Organization rules. This is because USMCA’s zero-tariff isn’t worth incurring the cost of rejigging supply chains to meet the rules of origin.” (10/08/24)
https://thehill.com/opinion/international/4919653-auto-workers-trade-policy-usmca/