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US Auto Industry Urges USMCA Completion

2019-04-09 17:18
The Trump administration originally planned to get the United States-Mexico-Canada agreement (USMCA) approved by Congress before the end of this summer, but the trade deal now faces challenges in the three countries involved. The business community, especially the automotive industry, hopes that the agreement will take effect as soon as possible to stabilize their supply chain. President Trump said last Friday that if Mexico can not effectively prevent illegal immigrants and drugs from flowing into the United States, punitive tariffs will be imposed on cars imported from Mexico. He added that closing the border is the last resort. This is a major cause for concern in the auto industry, because if the commercial flow is stopped at the border, the industry could collapse within a week.