ISDS Case Map
automobiles
Japan and Britain aim to clinch a trade deal by the end of July and Tokyo wants to secure at least the same automobile tariffs as it has in its existing European Union trade pact,
To qualify for tariff-free trade, makers of heavy vehicles must meet various requirements, including a 60% regional content threshold that will increase gradually and 70% regional inputs of steel and aluminum.
As part of the settlement, the Japanese automaker is expected to receive between $185 million and $238 million, two sources aware of the matter said.
Mexico’s government asked the United States and Canada to grant its automotive industry extra time to adapt its supply chains as the deadline for implementing a new North American trade deal approaches.
A bipartisan group of 19 US senators urged the Trump administration to push back the planned June 1 start date for the new US-Mexico-Canada trade pact.
Automobile and wagyu beef exports to the European Union are increasing thanks to tariff cuts under an economic partnership agreement between Japan and the EU.
Auto tariffs are expected to come up as a top agenda item in Japan-UK trade talks that are expected to start as early as this spring after the latter’s exit from the European Union.
US rules-of-origin demand presents new challenge for Mexico. Requirements for cars are among most complicated USMCA topics.
South Korea and Indonesia on Monday wound up seven and a half years of negotiations on a free trade deal, with an agreement to remove tariffs on steel, autos and beer.
The chief of a major Korean business lobby said he has asked the United States to exempt South Korea from any future tariffs on autos.
