13:25:41 EDT Wed 05 Aug 2026
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or Name
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CA



Linamar Corp
Symbol LNR
Shares Issued 59,121,512
Close 2026-08-04 C$ 105.67
Market Cap C$ 6,247,370,173
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Globe says Magna, others sees Trump dig up new tariffs

2026-08-05 07:27 ET - In the News

See In the News (C-MG) Magna International Inc

The Globe and Mail reports in its Wednesday edition that the United States alcohol industry is frustrated with President Donald Trump's trade war with Canada, particularly his threat to impose tariffs on Canadian alcoholic beverages starting Aug. 19. The Globe's Rita Trichur writes that many producers argue that they don't want such "help," as it would harm their businesses. The Toasts Not Tariffs Coalition is urging lawmakers to prioritize open markets with Canada to ensure stability for U.S. businesses dependent on cross-border trade. The latest announcement highlights a troubling reality: the beverage alcohol and hospitality sectors are caught in trade conflicts they did not create, the coalition said in response to the Presidential proclamation of upcoming tariffs. The 50-per-cent tariffs will be invoked under Section 338 of the Tariff Act of 1930. The Smoot-Hawley Tariff Act aimed to address unfair tariffs on U.S. products, but Mr. Trump is using it to threaten a harmed trading partner. In addition to alcohol, the recently announced U.S. duties will apply to a range of other Canadian exports, including hockey sticks and cement, regardless of their standing under the United States-Mexico-Canada Agreement on trade.

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