Mexico seeks lower US auto tariffs in trade talks, WSJ reports
XLY•Mexico pushes for lower auto tariffs in US trade talks
The Mexican government is pushing the U.S. to lower tariffs on North American automobiles as part of conversations over reworking the U.S.-Mexico-Canada Agreement, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
Under Mexico's proposal, U.S. tariffs would apply only to the value of vehicle components made outside North America, while parts produced in Mexico and Canada would qualify for duty-free treatment, the report added.
Reuters could not immediately verify the report.
