President Trump yesterday announced that it had secured a preliminary United States–Mexico Trade Agreement that it believes modernizes and rebalances the trade relationship to reflect the realities of the 21st century. The effort, part of the Administration’s effort to renegotiate the North American Free Trade Agreement (NAFTA), includes “rules of origin” requirements to incentivize billions a year in vehicle and automobile parts production in the U.S.
This agreement will create more reciprocal trade that grows the economy, supports high-paying jobs for American workers, and protects American intellectual property.
The auto industry business community was generally supportive of the announcement, though
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