19:47:12 EDT Fri 09 May 2025
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or Name
USA
CA



Martinrea International Inc
Symbol MRE
Shares Issued 72,787,848
Close 2025-04-02 C$ 7.20
Market Cap C$ 524,072,506
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Globe says Magna, rivals hear tariff bomb blast subdued

2025-04-03 08:26 ET - In the News

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

The Globe and Mail reports in its Thursday edition that as Donald Trump praised tariffs, Canadian officials and business leaders were uncertain about potential new tariffs on their country. The Globe's Campbell Clark writes that despite ongoing tariffs on steel, aluminium and non-compliant products under the USMCA, Canada managed to avoid the additional "reciprocal" tariffs affecting many other nations. However, the damaging tariffs on autos that the orange coloured man announced last week will still take effect. Mr. Clark say there is a cloud in this silver lining. The U.S. just started a global trade war. The other tariffs will damage Canada's economy and threaten livelihoods. Mr. Clark says Mr. Trump likes tariffs so much you know he will be brandishing it at Canada again. Mr. Trump's happy leap into global trade chaos is a massive complication for the big step that is now proposed by both Liberal Leader Mark Carney and Conservative Leader Pierre Poilievre -- a broad renegotiation of Canada's economic and security relationship with the U.S. immediately after the election. For Canada's politics, in the midst of an election year, Mr. Trump's announcement is a bomb that had a smaller-than-expected blast but lots of fallout.

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