02:32:36 EDT Sun 06 Jul 2025
Enter Symbol
or Name
USA
CA



Martinrea International Inc
Symbol MRE
Shares Issued 72,787,848
Close 2025-05-01 C$ 7.36
Market Cap C$ 535,718,561
Recent Sedar Documents

Globe says Martinrea, rivals get tariff relief

2025-05-02 05:32 ET - In the News

Also In the News (C-LNR) Linamar Corp
Also In the News (C-MG) Magna International Inc

The Globe and Mail reports in its Friday edition that Canadian-made auto parts exported to the United States will receive a two-year reprieve from previously expected tariffs. The Globe's Eric Atkins writes that President Donald Trump's revised plans, influenced by the U.S. automotive industry, will not impose the 25-per-cent tariffs on compliant auto parts from Canada and Mexico, as detailed in government documents. Automotive Parts Manufacturers' Association head Flavio Volpe said: "This was going to shut down a bunch of [U.S. factories] this weekend. What was to be gained from that?" Mr. Volpe, whose group represents 230 parts makers in Canada, has been at the forefront of the battle against auto tariffs, which executives in Canada and the U.S. say will add unaffordable costs and quickly halt American auto production. However, transmissions, camshafts and other components made in Canada and installed in Canadian assembly plants are still hit by tariffs when those vehicles cross the U.S. border. That is because Canadian-made cars have been subject to 25-per-cent tariffs since April, based on their non-U.S. content. "It is really important that we remove the tariff threat" on the entire sector, Mr. Volpe said.

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