The Globe and Mail reports in its Thursday, March 6, edition that CIBC World Markets analyst Krista Friesen, while noting shares of Canada auto suppliers are trading near multiyear lows, sees U.S. tariffs as "an existential threat to the industry." The Globe's David Leeder writes in the Eye On Equities column that Ms. Friesen says in a note: "Prior to any tariff talk, we had viewed 2025 as a 'run-of-the-mill' challenging year, given production was forecast to be flat year-over-year at best. The implementation of tariffs creates significant uncertainty for an industry that has worked to integrate itself since the introduction of the Canada-United States Automotive Products Agreement in 1965, with vehicles crossing the border seven to eight times on average as they are being built. At this time, there remains a significant amount of uncertainty as to how the industry will cope. ... Our current understanding is the U.S. tariffs have no duty drawback ability, meaning each time a vehicle crosses to the U.S., the tariffs are compounded." Ms. Friesen continues to rate Magna International "neutral" with a $36.50 (U.S.) share target, falling from $44 (U.S.). Analysts on average target the shares at $46.35 (U.S.).