US is proposing strict new rules aimed at squeezing Chinese parts out of North America’s cars in trade talks with Mexico, FT reports
Newsquawk Staff ·
- As part of the proposals, Trump’s admin is demanding that more car parts, including electronics, which are typically imported from China be sourced in North America for the fully assembled vehicle to qualify for duty-free treatment.
- The US has proposed including more car parts in a ‘core’ category that requires an extremely high level of regional content.
Sources
- White House says President Trump has further modified Canadian products subject to tariffs under Section 338; tariff changes will take effect on 30th October 2026
- US President Trump expected to remove some tariffs on Canada in a bid to help Senator Susan Collins, WSJ reports
- US President Trump says they are "very close" to a deal with Mexico. Canada is working hard to make a deal.
- US President Trump says he discussed the North Sea with the UK PM. Conversation also include Iran and Ukraine.
- US EQUITY OPEN: Breadth poor at the open: Energy leads gains on oil rally, Tech sees slight bounce
Related headlines
- US President Trump, on Iran, says we may do another operation against Iran; doubts Iran will say ‘let’s get down to business’6 hours ago
- US President Trump says "we could end the Iran war very quickly", adds "do we want to finish it or let it within is the question"11 hours ago
- US Midterm Preview: Democrats Favoured to Flip the House, Senate Too Close to Call6 hours ago
- US President Trump says we’re close to ending, I hope, the Russia-Ukraine war6 hours ago
- CRUDE WRAP: WTI (Z6) SETTLES USD 3.80 HIGHER AT USD 103.27/BBL; BRENT (Z6) SETTLES USD 3.55 HIGHER AT USD 116.72/BBL7 hours ago
- The Trump administration plans to introduce voluntary “US Caught Seafood” labels to help consumers identify seafood origins, according to CBS10 hours ago
- US President Trump is set to speak with UK PM Burnham this afternoon on the Russia-Ukraine situation, BBG reports11 hours ago
- Newsquawk European Market Wrap - 23rd October 202612 hours ago
- Week in Focus 26-30th October 2026: FOMC, BoC, RBNZ, ECB, BoJ Policy Decisions, US PCE6 hours ago
- Newsquawk Weekly Economic Release 26th - 30th October 2026 12 hours ago
- Japan is considering classifying energy and AI spending as defence expenditure amid pressure from the Trump administration to increase military budgets, according to Nikkei10 hours ago
- Citi says it remains neutral on copper until more energy-market and tariff clarity emerges; views any associated risk-off episodes as good long-term buying opportunities8 hours ago
- Russia's Kremlin says Russian and Ukrainian militaries are working to determine dates for ceasefire talks11 hours ago
- US Ambassador to Turkey Tom Barrack says US could strike Iran as soon as this weekend, AFP reports citing an interview on Israeli radio9 hours ago
- Foreign Ministers of Egypt, Saudi Arabia, Turkey and Pakistan say ‘Israeli occupation is the main source of instability in the region and beyond’, according to a statement7 hours ago