Vice President Mike Pence meets with U.S. automakers on NAFTA | Reuters

WASHINGTON (Reuters) - U.S. Vice President Mike Pence and the administration’s top trade official met with the chief executives of General Motors (GM.N) and Fiat Chrysler (FCHA.MI), and a senior manager from Ford (F.N), on Monday to discuss trade and the renegotiation of NAFTA. FILE PHOTO: U.S

Reuters November 28, 2017 04:00:16 IST
Vice President Mike Pence meets with U.S. automakers on NAFTA | Reuters

Vice President Mike Pence meets with US automakers on NAFTA  ReutersWASHINGTON (Reuters) - U.S. Vice President Mike Pence and the administration’s top trade official met with the chief executives of General Motors (GM.N) and Fiat Chrysler (FCHA.MI), and a senior manager from Ford (F.N), on Monday to discuss trade and the renegotiation of NAFTA. FILE PHOTO: U.S. Vice President Mike Pence speaks as he meets with members of the Venezuelan exile community, recent Venezuelan migrants, other local leaders and officials about the continuing devastation and unrest in Venezuela at Our Lady of Guadalupe Catholic Church in Doral, Florida, August 23, 2017. REUTERS/Joe SkipperThe meeting was held to cover “trade, commerce and manufacturing policy and how it impacts their business” and was scheduled to include National Economic Council Director Gary Cohn and U.S. Trade Representative Robert Lighthizer, Pence’s office said. Automakers have found themselves at the center of disputes over renegotiating the North American Free Trade Agreement (NAFTA) between the United States, Canada and Mexico as the administration of President Donald Trump pushes for more rules on auto imports that the American manufacturers have opposed. Automakers have been lobbying the administration to abandon proposals that would require more parts for automobiles be made in one of the three countries so as to avoid hefty tariffs. “We view the modernization of NAFTA as an important opportunity to update the 23-year-old agreement and set the stage for an expansion of U.S. auto exports,” Matt Blunt, the president of the American Automotive Policy Council, said after the meeting. Blunt said that the automakers appreciated “the opportunity to directly address the industry’s concerns with the administration’s rule of origin proposal.” General Motors chief executive Mary Barra and Fiat Chrysler chief executive Sergio Marchionne were expected to attend the meeting, while Ford’s Americas President Joe Hinrichs was set to attend. Lighthizer is overseeing the renegotiation of NAFTA on behalf of the Trump administration. The latest round of negotiations ended last week with little progress. Mexico and Canada rejected the U.S. proposal to raise the minimum threshold for autos to 85 percent North American content from 62.5 percent as well as to require half of vehicle content to be from the United States.

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

also read

Greek police clash with protesters in rally against mandatory vaccinations
World

Greek police clash with protesters in rally against mandatory vaccinations

ATHENS (Reuters) - Greek police used teargas and water cannon to disperse people who had gathered in central Athens on Saturday to protest against mandatory COVID-19 vaccinations. More than 4,000 people rallied outside the Greek parliament for a third time this month to oppose mandatory inoculations for some workers, such as healthcare and nursing staff.

Two Turkish soldiers killed in attack in northern Syria
World

Two Turkish soldiers killed in attack in northern Syria

ISTANBUL (Reuters) - Two Turkish soldiers were killed and two were wounded in an attack on their armoured vehicle in northern Syria, and Turkish forces immediately launched retaliatory fire, Turkey's defence ministry said on Saturday. "Our punitive fire against terrorist positions is continuing," the statement on Twitter on said. It did not specify where the attack occurred, but media reports said it was in the al-Bab area.

Brazilians take to streets again to demand Bolsonaro's impeachment
World

Brazilians take to streets again to demand Bolsonaro's impeachment

By Marcelo Rochabrun SAO PAULO (Reuters) - Protesters took to the streets in several Brazilian cities on Saturday to demand the impeachment of far-right President Jair Bolsonaro, whose popularity has fallen in recent weeks amid corruption scandals against the backdrop of the pandemic. This week, news broke that Brazil's defense ministry told congressional leadership that next year's elections would not take place without amending the country's electronic voting system to include a paper trail of each vote. Bolsonaro has suggested several times without evidence that the current system is prone to fraud, allegations that Brazil's government has denied