Canada will be an interested third party in discussions between the U.S. and Mexico over rules governing cars traded in North America, avoiding direct confrontation with the Biden administration ahead of elections next month while still showing concern about the U.S. position.
Mexico last week requested formal consultations with the U.S. to settle a disagreement over how to measure regional content for cars to trade duty-free. The U.S. insists on a stricter method than Mexico and Canada believe they agreed to for counting the origin of certain core parts including engines, transmissions and steering systems in the overall calculation, people familiar with the matter said last month.
Canada to Participate in Mexico-U.S. Auto Spat as Third Party - Bloomberg
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