The Globe and Mail reports in its Saturday edition that Magna International chief executive officer Swamy Kotagiri is cheering a tariff exemption for automobile parts compliant with the Canada-U.S.-Mexico Agreement. A Canadian Press dispatch to The Globe reports that the U.S. had said last month it would start charging a 25-per-cent tariff on all imported auto parts by May 3, but U.S. Customs and Border Protection guidance released Thursday provided clarification. Mr. Kotagiri said in an earnings call on Friday, "Definitely that gives a lot more certainty and relief in our planning process." There is, however, still a great deal of uncertainty over the future of tariffs on auto parts, along with border taxes for the industry in general, but Mr. Kotagiri said Magna is assuming the exemption is here to stay. "That is the assumption that we're going with, and hope to get some more clarity and certainty on that decision." Tariffs are expected to add about $250-million in costs for the auto-parts giant this year, but Mr. Kotagiri said Magna's intention is to pass on all costs to customers. It is also looking for ways to boost the share of CUSMA-compliant parts headed to the U.S. from the current 75 to 80 per cent.