Kendrick Trade Weekly Newsletter: July 08, 2024 – USMCA Biennial Report Summary

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Kendrick Trade Weekly Newsletter

July 7, 2024

USMCA Biennial Report Summary


Released on July 1st, the latest biennial report from the United States Trade Representative (USTR) highlights the positive economic impact of the USMCA on the North American automotive industry. Key findings include a 15% increase in electric vehicle production and calls for updated rules of origin (ROOs) to reflect evolving technologies. Stakeholders emphasized the need for greater transparency and support for domestic manufacturing. With two years until the USMCA’s six-year review, the report outlines necessary adjustments to ensure continued success and compliance (USTR, 2024).


For more details, read the full blog post here.



Kendrick Trade specializes in USMCA qualifications, helping businesses navigate the complexities of trade compliance under this agreement. By ensuring your operations meet the necessary criteria, Kendrick Trade can help you unlock the full potential of the free trade agreement. Visit Kendrick Trade to learn more about our services and how we can support your business in making the most of USMCA benefits.


Feel free to share this newsletter with your fellow trade professionals, and let’s keep the Kendrick Trade community buzzing!

Disclaimer: Kendrick Trade does not provide legal advice or opinions on compliance with laws or regulations. Always consult official sources for trade-related decisions.

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