US President Donald Trump arrives to speak about the United States – Mexico – Canada agreement, known as USMCA, during a visit to Dana Incorporated, an auto supplier manufacturer, in Warren, Michigan, January 30, 2020.
Saul Loeb | Afp | Getty Images
DETROIT — President Donald Trump’s proposed tariffs on goods from Mexico and Canada would hit automotive suppliers harder than automakers, but their problems could quickly have ripple effects on the broader industry.Â
Most vehicles produced in North America meet the requirements for free trade under the United States-Mexico-Canada Agreement, but far fewer individual parts meet the stringent standards under the 2020 North American trade deal that was negotiated by Trump, according to federal trade reporting data.
USMCA compliance is important for automakers and suppliers. Products that meet the standards, which most notably include rules about where a part or material can be produced,…
