14:50:10 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Magna International Inc
Symbol MG
Shares Issued 373,119,677
Close 2017-07-14 C$ 60.90
Market Cap C$ 22,722,988,329
Recent Sedar Documents

NP/wire say Magna, others await U.S. NAFTA objectives

2017-07-17 07:39 ET - In the News

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The National Post reports in its Monday edition that Canadians are about to learn what the Trump administration wants to do with the North American free-trade agreement. A London Free Press dispatch to the Post reports that President Donald Trump is set to release a list of objectives as early as Monday. American law requires the administration publish a list of its objectives entering trade talks. The administration hopes to start negotiations by Aug. 16 and the law requires this list be posted on-line 30 days in advance. The U.S. has signalled conflicting approaches. Mr. Trump keeps threatening to rip up the trade agreement in the absence of a major renegotiation. His vice-president, Mike Pence, recently exuded collegiality and promising a new NAFTA that would be a "win-win-win." The signals to Congress have been equally contradictory. In a leaked draft of a letter to lawmakers, the administration showed a desire to play hardball and seek changes that would be deemed non-starters by the other countries. It later released a bare-bones, modest version of that letter. Those mixed messages are due in part to philosophical differences within Mr. Trump's adviser about how aggressive to get on trade.

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