The new NAFTA trade deal goes into effect on July 1, but automakers will receive some leeway to meet the new regulations. “In another nod to the impact of the COVID-19 pandemic on automakers that have been asking for a delay, the government will give them at least an additional two years to meet the requirements: now five years instead of three.” The deal requires that OEMs produce cars with 75 per cent of parts originating from the three NAFTA nations. (Source: The Detroit News) Read the original article…
