Mexico's Economy Ministry says, after consultation with the US, it can confirm that USMCA compliant trade would be exempt from the potential US tariff relating to forced labor. Proposed measures would exempt autos, aluminium and steel.
- "In consultations held today, it was clarified that Mexican trade that complies with the USMCA rules of origin—approximately 85% of our export volume—is exempt from the measure. It would also not affect goods included in Section 232 orders (automobiles, steel, and aluminum)."
- "Regarding the remaining 15 percent of Mexican exports, the Ministry of Economy will hold formal talks with the USTR within the next 45 days, including a formal round as part of the review..."
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