Major auto groups seek extension of USMCA trade pact
Seven auto groups urged the Trump administration to extend the USMCA trade deal. They claim the pact is vital for maintaining North American competitiveness.
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Seven major auto trade groups urged the United States to extend the USMCA trade deal to protect North American vehicle production. The groups represent General Motors, Toyota, Volkswagen, Tesla, Hyundai, and other major automakers facing a July 1 deadline for a mandatory six-year review. Investors face supply chain disruption after 2025 tariffs of 25% made shipping from Mexico more expensive than from overseas.
