U.S. Vice President Mike Pence Photo: joshua roberts/ReutersTop executives from Detroit’s auto makers met with Vice President Mike Pence in Washington Monday, reiterating concerns that potential changes to the North American Free Trade Agreement could disrupt the industry’s intricate supply chains. Auto makers and suppliers are worried about proposals from Trump administration Nafta negotiators that would require that vehicles have 50% U.S. content to qualify for duty-free imports into the U.S. The industry says those changes to Nafta’s so-called rule of origin could raise vehicle prices for U.S. consumers.

Source: Wall Street Journal November 28, 2017 02:15 UTC