finance
U.S. Trade Representative Signals USMCA Rules Changes to Boost Domestic Content
The U.S. Trade Representative said talks on updating USMCA will address rules of origin to increase American content. Officials also noted ongoing concern over the bilateral trade deficit with Mexico.
May 26, 5:28 PM·1m read2 sources
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Deficit worryModernization
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The same statement said the administration remains focused on narrowing the trade deficit with Mexico.
Its current rules of origin set minimum regional content thresholds for duty-free treatment. Officials indicated that any revisions would aim to favor higher U.S. sourcing without specifying numerical targets.
Further details on proposed changes are expected once consultations with trading partners begin.
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Persistent trade deficit concernPragmatic modernization for US gains
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