WASHINGTON, Nov 4 (Reuters) - Major automakers,
including General Motors ( GM ), Tesla, Toyota Motor ( TM )
, Hyundai, Volkswagen and Ford, urged
the Trump administration on Tuesday to extend a North American
free trade deal they call crucial to American auto production.
The automakers made the comments in filings with the U.S.
Trade Representative's Office ahead of the 2026 formal review of
the United States-Mexico-Canada Agreement. All suggested
changes.
The American Automotive Policy Council, representing the
Detroit Three automakers, said USMCA "enables automakers
operating in the U.S. to compete globally through regional
integration, which delivers efficiency gains" and accounts "for
tens of billions of dollars in annual savings."
INVESTMENTS ON HOLD
Hyundai Motor Group said in a filing that
uncertainty about USMCA was delaying investment decisions.
"Early confirmation of USMCA's extension would immediately
unlock over $20 billion in new American investments," the
automaker told the USTR. "Every month of ambiguity slows job
creation, site selection and technology development."
Tesla said "to continue this forward momentum and strengthen
U.S. competitiveness, the United States should support the
continuation of USMCA as a trilateral agreement."
The company recommended the three countries adopt an
industry-accepted North American Charging Standard as the single
standard for electric light-duty vehicle trade and align
automotive safety standards.
Last month, President Donald Trump approved tariff relief for
imported parts used for U.S. auto and engine production.
Stellantis ( STLA ) said vehicles made outside North
America should follow rules on component origin to "mirror or
effectively match those imposed by the USMCA" or drop tariffs on
Mexico and Canada USMCA-compliant passenger vehicles.
Stellantis ( STLA ) added that under 15% tariffs with Japan, U.S.
vehicles complying with North American content rules "will
continue to lose market share to Asian imports, to the detriment
of American automotive workers."
Toyota ( TM ) said "it is crucial that the USMCA continues to allow
duty-free cross-border trade for automobiles and auto parts"
that comply with the trade deal content and labor rules.
Ford said after an improved USMCA is in place, all national
security tariffs "should only apply to countries outside of
North America to preserve the effectiveness of USMCA and the
competitiveness of the North American auto industry."