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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 29 - Labor |
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Subtitle B - Regulations Relating to Labor |
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Chapter V - Wage and Hour Division, Department of Labor |
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SubChapter C - Other Laws |
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Part 810 - High-Wage Components of the Labor Value Content Requirements Under the United States-Mexico-Canada Agreement Implementation Act |
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Subpart B - Calculating the High-Wage Component of Material and Manufacturing Expenditures |
§ 810.145 - sect; Currency exchange.
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sect; § 810.145 Currency exchange.
The high-wage component of material and manufacturing expenditures (and assembly expenditures under § 810.300) is expressed in U.S. dollars - US$16 per hour. Rules governing currency exchange are set forth and addressed in the Uniform Regulations and regulations and/or guidance issued by the Department of the Treasury and/or CBP.