14:55:41 EDT Wed 08 Jul 2026
Enter Symbol
or Name
USA
CA



Martinrea International Inc
Symbol MRE
Shares Issued 70,109,580
Close 2026-07-07 C$ 10.11
Market Cap C$ 708,807,854
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Globe says Magna, rivals see China focus of USMCA talks

2026-07-08 08:09 ET - In the News

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

The Globe and Mail reports in its Wednesday, July 8, edition that China will be a key focus in the USMCA renegotiations, even though it isn't part of the negotiations. The Globe's Rita Trichur writes that the Trump administration did not renew the trade pact, and with annual reviews now in place, the United States is leveraging trade talks to encourage Canada and Mexico to support efforts against China. Washington claims China is exploiting USMCA loopholes to bypass U.S. tariffs by using Mexico and Canada for access to the U.S. market, but the U.S. is being somewhat disingenuous in this matter for its own advantage. The U.S. seems to be blurring the line between blatant customs fraud and legal shipments from third countries in global trade during current negotiations. This allows Washington to alter the USMCA's rules of origin and force increased U.S. content, negatively impacting the other signatories. Canada and Mexico know the score, but there is a risk the U.S. will get its way. Washington is cracking down on "transshipment," where foreign goods pass through an intermediary country before reaching their final destination, often via different transportation methods.

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