Mexico said to see US Nafta cars idea as completely unworkable

The Mexican government views the U.S. proposal for tightening content rules for car manufacturing under Nafta as not viable and likely to cause serious damage to the North American auto industry, said a person familiar with the nation’s stance.

Mexico hasn’t prepared or presented a counter-proposal because it sees the problem as going beyond the specific levels sought by the U.S. and thinks the entire concept is unworkable.

Source: Bloomberg