Auto stocks slip as Trump government weighs stricter US-content rules for USMCA vehicles
29/05/2026 16:28
BUZZ-Auto stocks slip as Trump government weighs stricter US-content rules for USMCA vehicles ** U.S.-listed automakers fall after reports that the Trump administration wants North American-built vehicles to have 82% regional content to qualify for preferential treatment under the U.S.-Mexico-Canada Agreement
** Shares of General Motors GM.N and Stellantis STLA.N fell 3% and 2.3%, respectively, in morning trading
** Ford F.N pared previous gains and was up about 4%
** The proposal seeks 50% of a vehicle's value be produced in the United States, according to people familiar with the U.S. negotiating position
(Reporting by Megavarshini G. Somasundaram in Bengaluru)
((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))
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