18:03:35 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Magna International Inc
Symbol MG
Shares Issued 359,339,151
Close 2018-01-10 C$ 71.44
Market Cap C$ 25,671,188,947
Recent Sedar Documents

Globe says Magna, others see Ottawa go on the offensive

2018-01-11 07:43 ET - In the News

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The Globe and Mail reports in its Thursday, Jan. 11, edition that the Trudeau government has launched the trade world's equivalent of all-out war -- a sweeping case that accuses the United States of flagrantly violating World Trade Organization rules in its handling of nearly 200 trade investigations that go back decades. The Globe's Barrie McKenna writes that Ottawa hopes other countries will join its trade crusade. The filing lists U.S. investigations against most major WTO countries, including numerous involving China. Mr. McKenna says the timing is curious. The case comes just days before the start of the next round of already poisoned talks to renegotiate the North American free-trade agreement. While President Donald Trump and his entourage do not like NAFTA, they like the WTO even less, particularly for failing to rein in trade abuses by China. Canada's chief NAFTA negotiator John Weekes says, "This is like setting off a bomb in a public square rather than using a rifle." Toronto trade lawyer Mark Warner questions the strategic value of "poking the U.S. in the eye." He says: "I understand the optics, but not the strategy. ... We'll see whether it works for us."

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