OIRA Review of Labor Department Rule for USMCA Labor Value Content Completed
The Office of Information and Regulatory Affairs completed its review of the interim final rule from the Department of Labor on certification under the U.S.-Mexico-Canada Agreement. The review was completed on June 24, it said. The labor value content, as…
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it is known, is needed for both cars and light trucks to meet the new auto rules of origin under the USMCA. For cars, starting July 1, 33% of the vehicle must come from workers making at least $16 an hour in the U.S., $20.91 in Canada, or 304.21 pesos in Mexico, if the company is not granted alternative staging. If it is granted alternative staging, the threshold is 25%.