Ford CEO pushes for domestic automaker incentives during USMCA trade deal review
By
Tony Owusu
Summary
Ford CEO is publicly demanding rewards and incentives for domestic vehicle producers as U.S., Canadian, and Mexican negotiators meet to review the USMCA trilateral trade deal. The auto industry, which accounts for 22% of total North American trade, is a major stakeholder in these negotiations. The USMCA went into effect in July 2020 during the first Trump administration and includes a mandatory six-year joint review clause that is now being triggered.
Source
bskyFord CEO pushes for domestic automaker incentives during USMCA trade deal reviewbit.lyKey quotes
· 3 pulledThe auto industry is the largest component of total trade in North America, accounting for 22%
Negotiators from the U.S., Canada, and Mexico are meeting to discuss the USMCA trilateral trade deal that went into effect on July 2020
executives from the biggest U.S. automakers are making their positions publicly clear
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