09:54:18 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Magna International Inc
Symbol MG
Shares Issued 382,461,855
Close 2017-03-31 C$ 57.39
Market Cap C$ 21,949,485,858
Recent Sedar Documents

Globe/CP say GM, others hear U.S. plans trade review

2017-04-03 08:05 ET - In the News

See In the News (C-GMM) General Motors Company

The Globe and Mail reports in its Saturday, April 1, edition that Foreign Affairs Minister Chrystia Freeland is taking aim at a core assumption of Donald Trump's upcoming review of American trading partners -- she said Friday the United States has a trade surplus with Canada, not the other way around. A Canadian Press dispatch to The Globe reports that Ms. Freeland's assessment comes as Mr. Trump prepares to hold his country's major trading partners to account. The President wants to determine which countries are using abusive trade practices to run export surpluses -- and Canada is among those to be examined. Mr. Trump signed an executive order Friday demanding a study within 90 days of all the ways other countries allegedly pull fast ones on the United States through anti-competitive trade practices. It will be a systematic examination of things such as non-tariff barriers, lax legal enforcement, currency manipulation and other measures that keep out American goods while other countries boost their own exports. "Under my administration the theft of American prosperity will end," Mr. Trump said, adding that the well-being of America and the American worker is "my North Star."

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