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US and Japan to duel over auto tariffs and FTA at first trade talks
Toyota supplier Denso expects $700m hit if levies are implemented.
Merkel hopes for trade deal amid Trump’s tariffs threat
Angela Merkel badly wants a trade deal to prevent Trump from carrying out his threat to put 25% tariffs on car imports into the US.
Trump says EU officials want to negotiate trade deal in Washington visit
US President Donald Trump said that European leaders were coming to Washington next week to try to hammer out a deal focused largely on car tariffs.
Mercosur offers to halve import tariff on EU cars -paper
The Mercosur bloc of four South American nations has offered to cut import tariffs on European Union cars by 50 percent .
South Korean car exports to US falling despite KORUS FTA
The Korea Institute for Industrial Economics & Trade (KIET) said in its report that the KORUS FTA is rapidly losing its positive effects in terms of South Korea’s car exports to the United States.
Trump threatens allies with new tariffs, sowing global confusion
Some industry observers saw this latest move as a US tactic to pressure Mexico and Canada to move quickly to agree to an overhaul of the North American Free Trade Agreement.
NAFTA math may not add up to more US auto jobs
Trump administration demands in NAFTA trade negotiations meant to push auto jobs back to the United States may not be enough to spark a shift in where automakers build cars and trucks.
Mexico offers Nafta compromise on car content, wages
Mexico is opening the door to compromise on the key Nafta issue of auto manufacturing, though it’s unclear if the flexibility is enough to reach a deal with the US and Canada.
US wants 4-year phase-in for higher NAFTA auto content thresholds
The latest US proposal for increasing NAFTA’s regional automotive content would carry a four-year phase-in to meet a higher, 75 percent regional value threshold and new labor content rules requiring substantial work at wages of $16 an hour or higher.
EU, Mercosur end trade round with little progress, more blaming - Beef volumes ’agreed’
The European Union and Latin American bloc Mercosur have made some progress on how to open their markets to cars, but ended free trade talks in Brussels with finger-pointing about who was holding up a deal.
NAFTA officials put top-level talks on hold until May 7 to consult with industry
Negotiators trying to hammer out a quick NAFTA deal said they will take a break until May 7, allowing time for consultations with the auto industry in Mexico.
Canada hails progress on crucial autos file at NAFTA talks
Canadian, Mexican and U.S. ministers seeking to revamp the North American Free Trade Agreement (NAFTA) have made good progress on the key question of autos, Canadian Foreign Minister said.
FTA revision lets US bypass Korean regulations
After Korea and the United States agreed “in principle” to revise the free trade agreement between the two countries, negotiators from Korea received a great deal of praise for managing to land a deal without giving up too much.
Trump said to soften key NAFTA demand on regional car content, but target may still be hard to reach
The US proposal would distinguish between different NAFTA car parts by grouping them into five categories, some of which would have a lower requirement for North American content or none at all
Japan may be forced into bilateral trade deal with US: ex-IMF exec
Japan will have little choice but to enter into a bilateral trade deal with the United States similar to one President Donald Trump clinched with South Korea, a former top Japanese currency diplomat said.
Higher auto wages the centrepiece of major US NAFTA proposal
Mexican workers’ wages are at the heart of a major proposal from the United States aimed at breaking through an impasse on automobiles and securing a new North American Free Trade Agreement.
South Korea carmakers want level playing field after FTA revision
South Korean carmakers on Monday called on the government to create a level playing field by easing regulations for them as well after the current trade pact between Seoul and Washington was tentatively revised in favor of US carmakers.
SKorea to open auto market wider to US in revised trade deal
South Korea has agreed to further open its auto market to the United States as the two countries prepare to amend their six-year-old trade agreement.
US drops auto-content proposal in NAFTA talks: The Globe and Mail
The US government has dropped a demand that all vehicles made in Canada and Mexico for export to the United States contain at least 50 percent US content.
Europeans say significant obstacles remain to Mercosur trade deal
An EU diplomat said Mercosur resistance to European proposals on automobile exports and geographic product indicators were also sticking points.