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local-content
[loh-kuhl-kon-tent]
adjective
of or relating to the number or percentage of the components of a product, as an automobile, that are manufactured in a specific country.
Local-content laws say 90 percent of the components of the car must be made in the U.S. or import restrictions will apply.
Example Sentences
Speaking during the conference call to discuss the results, Reddit Chief Executive Steve Huffman said the company has built a local-content framework to identify the top interests in each country, which it uses to guide partnerships, content and marketing.
But continuing negotiations with the U.S. on its local-content requirements pose headwinds, the brokerage says.
The European Union plans to postpone strict local-content rules that would have led to costly tariffs imposed on cars traded between the bloc and Britain beginning Jan. 1.
It is past time to secure our supply chains by adopting strong local-content requirements for all industries essential to our crisis response, to be phased in when the current emergency ends.
The president has also shown his intent to bolster American manufacturers through measures such as capping car imports and tightening local-content requirements.
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