19:08:54 EDT Fri 09 May 2025
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or Name
USA
CA



Martinrea International Inc
Symbol MRE
Shares Issued 72,787,848
Close 2025-04-01 C$ 7.19
Market Cap C$ 523,344,627
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Globe says Magna, rivals await clarity on tariffs

2025-04-02 06:05 ET - In the News

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

The Globe and Mail reports in its Wednesday edition that Canada will not impose retaliatory tariffs on most U.S. food and essential goods that could raise living costs for Canadians, according to former envoy David MacNaughton and ex-Canadian Labour Congress president Senator Hassan Yussuff. The Globe's Robert Fife writes that this decision comes ahead of President Donald Trump's announcement of global tariffs. The issue of responding to Mr. Trump's trade war has been significant in the federal election campaign. While punitive counter tariffs could harm U.S. businesses, they might also lead to higher prices for Canadians. Prime Minister Mark Carney is mum on his strategy for dealing with Mr. Trump's tariffs. He paused his campaign on Tuesday to return to Ottawa for meetings ahead of the tariffs. In Winnipeg, he reiterated his warning to Mr. Trump about employing retaliatory measures if Canada faces more threats. The Globe says Mr. Trump has a long list of complaints against Canada such as the digital services tax, the GST, supply management, autos and intellectual property protection rules. The U.S. Trade Representative Office released a report Monday, citing Quebec's Bill 96 language law as a concern to U.S. business.

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