Stock Groups

U.S. trade office says GM Mexico labor case concluded, tariff threat lifted By Reuters

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO : A new GM logo can be seen on the General Motors headquarters, Detroit, Michigan. This was March 16, 2021. Picture taken March 16, 2021. REUTERS/Rebecca Cook/File Photo

WASHINGTON (Reuters) – A U.S. labor complaint under the U.S.-Mexico-Canada trade pact over a General Motors (NYSE:) plant union vote in Mexico has been successfully concluded, lifting the threat that U.S. tariffs could be imposed on the factory’s pickup trucks, the U.S. Trade Representative’s office said on Wednesday.

In May, U.S. workers filed a case alleging that they were violated by a Union Contract Vote. This ballot was then repeated in August and rejected the previous contract.

USTR claimed that the U.S. complained was satisfied with a plan of action which resulted in a second vote.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. CFDs include futures, stocks, indexes and Forex. Prices are provided not by the exchanges. They are provided by market makers. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.



[ad_2]