13:12:57 EST Thu 12 Feb 2026
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Magna International Inc
Symbol MG
Shares Issued 280,242,006
Close 2026-02-11 C$ 78.37
Market Cap C$ 21,962,566,010
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Globe says Linamar sees U.S. House vote against tariffs

2026-02-12 08:09 ET - In the News

See In the News (C-LNR) Linamar Corp

The Globe and Mail reports in its Thursday edition that the U.S. House of Representatives voted to end some of President Donald Trump's tariffs on Canada. The Globe's Adrian Morrow writes that the 219-211 vote is mostly symbolic: Even if it passes the Senate, the President will almost certainly veto it, a move that would require a two-thirds majority of each chamber of Congress to override. It shows, however, the GOP's increasing readiness to challenge Mr. Trump on his key policy as voter discontent rises over his economic management and the impacts of his trade war. As the vote unfolded on Capitol Hill Wednesday evening, Mr. Trump took to Truth Social in a last-ditch bid to stave off defeat. He threatened that Republicans who voted against his wishes would "seriously suffer the consequences come Election time" and lashed out at Canada. "Canada has taken advantage of the United States on Trade for many years," he wrote. During the debate, Democrats criticized Republicans for abandoning their historic support of free trade to please Mr. Trump. Rep. Linda Sánchez said it made no sense for Mr. Trump to tariff Canada when the two countries have a trade deal that the President himself negotiated during his first term.

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