Trump says trade agreement with Mexico, Canada irrelevant' to US
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Trump says trade agreement with Mexico, Canada irrelevant' to US
"Detroit's three big automakers, Ford, General Motors and Stellantis, are heavily reliant on supply chains that include significant parts production in Mexico and Canada, and all three produce hundreds of thousands of vehicles annually in both countries. Major car makers, including Tesla, Toyota and Ford, in November also urged the Trump administration to extend USMCA, saying it is crucial to US auto production."
"There's no real advantage to it; it's irrelevant, Trump said about the trade agreement on Tuesday, during a visit to Detroit, Michigan. list of 4 itemsend of list Canada would love it. Canada wants it. They need it. The problem is, we don't need their product. You know, we don't need cars made in Canada. We don't need cars made in Mexico. We want to take them here. And that's what's happening, he said."
Car makers urged an extension to the USMCA as crucial to U.S. auto production and competitiveness. President Donald Trump said the USMCA is irrelevant to the United States while noting Canada wants the agreement and urging companies to bring manufacturing back to the U.S. The Detroit Three automakers rely on parts production and supply chains spanning Mexico and Canada and produce hundreds of thousands of vehicles in each country. Major car makers including Tesla, Toyota and Ford supported extending USMCA. The American Automotive Policy Council cited regional integration, efficiency gains and tens of billions in annual savings. Stellantis warned that tariffs with Japan risk U.S. vehicles losing market share to Asian imports.
Read at www.aljazeera.com
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