Background

U.S. clashes with Mexico, Canada on car rules in USMCA

“The U.S. insists on a stricter way than Mexico and Canada believe they agreed to for counting the origin of certain core parts including engines, transmissions and steering systems in the overall calculation, the people said. That makes it harder for plants in Mexico and Canada to meet the new threshold of 75% regional content, up from 62.5% under Nafta, in order to trade duty-free, the people said.”

[Bloomberg]

Importers prepare for UK customs change

“Firms importing food and goods from the European Union are being urged to prepare for new paperwork and customs checks, which will start taking effect from October 1.”

[The Times]

Cuban government lifts restrictions on importing food, medicines

“Despite widespread scarcities, the government had restricted the import of all goods to squeeze the ‘mula’ business — mules, the name given to people who take goods to sell on the island, where all stores are state-owned.”

[Miami Herald]

African nations plan $8 billion fund to offset trade pact losses

“The African Export-Import Bank, or Afreximbank, previously provided $1 billion for the fund after the African Union set it up to help cushion sudden revenue losses and encourage participation. The free-trade area went into effect on Jan. 1.”

[Bloomberg]

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