U.S. Senator Grassley says June 1 USMCA start date problematic for automakers
Richard Cowan & David Lawder, Reuters
March 18, 2020
WASHINGTON (Reuters) - U.S. Senate Finance Committee Chairman Charles Grassley said he was concerned about the Trump administration’s proposed June 1 implementation date for the new U.S.-Mexico-Canada trade agreement, saying that this would put undue compliance pressures on U.S. automakers amid the coronavirus crisis.
In remarks on the Senate floor, Grassley said the quick launch date for the trade agreement is problematic for the industry when it is “facing significant supply chain disruptions to COVID-19.”
Grassley said he was urging the administration to take very seriously the auto industry’s concerns about certifying compliance for their vehicles in such a short period and “to ensure a reasonable timely for entry into force of the U.S.-Mexico-Canada Agreement auto regulations.”
“It would be prudent right now to let these companies focus instead on the health of their workforce and supply chains,” Grassley added.
Canada on Friday became the last of the three North American trading partners to ratify the agreement, with Parliament rushing through a vote before taking a three-week break to help stop the spread of the coronavirus...