It
phased out all U.S. tariffs imports from Mexico and Mexican tariffs on U.S. and
Canadian products as long as they met the rules of origin requirements of 62.5%
North American content for autos, light trucks, engines and transmissions; and
60% for other vehicles and automotive parts. Some tariffs were eliminated
immediately, while others were phased out in periods of 5 to 10 years. Prior to
NAFTA, the United States assessed the following tariffs on imports from
Mexico: 2.5% on automobiles, 25% on light-duty trucks, and a trade-weighted
average of 3.1% for automotive parts. Mexican tariffs on U.S. and Canadian
automotive products were as follows: 20% on automobiles and light trucks, and
10-20% on auto parts
Itphased out all U.S. tariffs imports from Mexico and Mexican tariffs on U.S. andCanadian products as long as they met the rules of origin requirements of 62.5%North American content for autos, light trucks, engines and transmissions; and60% for other vehicles and automotive parts. Some tariffs were eliminatedimmediately, while others were phased out in periods of 5 to 10 years. Prior toNAFTA, the United States assessed the following tariffs on imports fromMexico: 2.5% on automobiles, 25% on light-duty trucks, and a trade-weightedaverage of 3.1% for automotive parts. Mexican tariffs on U.S. and Canadianautomotive products were as follows: 20% on automobiles and light trucks, and10-20% on auto parts
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