AAH #802 – State of the Supplier Industry

So Colin, you mentioned USMCA.

The trade agreement, North American trade agreement, now seems to be irrelevant.

So it still is relevant.

And I think this is a really important point.

So when the statement came out a few weeks ago that they were not renewing USMCA, I think there was a lot of confusion.

It goes into a yearly renew cycle.

So the agreement is still fully in force.

Now, yes, there are tariffs that do complicate things, but the agreement as of today is still fully enforced.

So if you have USMCA compliant parts or vehicles, they still get preferential treatment.

There still is investment happening.

It is still in full force.

Now they're going through this yearly review process.

And there are bilateral talks going on.

I think it would be shameful to recognize that there's not some bilateral talks going on.

And there are issues that I think the U.S. wants to solve bilaterally as well.

But the agreement as of today is still fully

enforced.

Okay, but you're saying there's bilateral talks going on, but not trilateral talks going on.

And heretofore, that had basically been...

Us, right? Canada, U.S., Mexico.

Yeah, and there's maybe some misnomers.

That's sometimes how the original USMCA went.

People were talking together.

People were talking separately.

We have different goals and objectives with each country.