NewsMV
A tariff formula proposed by Mexico would confine U.S. vehicle duties to the foreign-content share of each car's value, the Wall Street Journal reported.
Under the proposal, only the portion of a vehicle's value attributable to parts produced outside North America would be subject to the tariff charge.
Auto-sector shares are in focus as the proposal moves through trade talks with Washington. The proposal's mechanics The distinction is arithmetically significant.
Under a conventional vehicle-level tariff, the full declared value of an imported car serves as the duty base.
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