Magna has come roaring back. There’s a case for holding on
President Donald Trump’s erratic trade policies, and now face more logistical headaches over capricious tariffs and uprooted supply chains.But spare no sympathy for Magna International Inc. Trump’s second term has been defined by outspoken belligerence toward allies and trading partners – and he has shown no signs of letting up. This week, he announced 50-per-cent tariffs against hundreds of Canadian exports valued at about US$20-billion in total, a year after imposing tariffs on steel, aluminum and autos.
- ▪President Donald Trump’s erratic trade policies, and now face more logistical headaches over capricious tariffs and uprooted supply chains.But spare no sympathy for Magna International Inc.
- ▪Trump’s second term has been defined by outspoken belligerence toward allies and trading partners – and he has shown no signs of letting up.
- ▪This week, he announced 50-per-cent tariffs against hundreds of Canadian exports valued at about US$20-billion in total, a year after imposing tariffs on steel, aluminum and autos.
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Open this photo in gallery:Components of electric vehicle battery trays are prepared to be welded at Magna's Heart Lake production facility, in Brampton, Ont., in 2023.Christopher Katsarov/The Globe and MailShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountCanadian companies are being caught up again by U.S. President Donald Trump’s erratic trade policies, and now face more logistical headaches over capricious tariffs and uprooted supply chains.But spare no sympathy for Magna International Inc. MG-T. The share price of the auto parts giant, based in Aurora, Ont., has more than doubled from its recent low 15 months ago, leaving investors with just one head-scratcher.
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