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Martinrea International Inc
Symbol MRE
Shares Issued 72,787,848
Close 2025-12-24 C$ 10.30
Market Cap C$ 749,714,834
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Globe says Toyota, rivals pitch U.S. to uphold USMCA

2025-12-29 05:18 ET - In the News

See In the News (C-TOYM) Toyota CDR (CAD Hedged)

The Globe and Mail reports in its Friday edition that the six-year review of the United States-Mexico-Canada Agreement is not scheduled to take place until July, but automakers in the United States are already voicing their support for the continental free trade pact, and calling for the elimination of the Trump tariffs. The Globe's Eric Atkins writes that in congressional testimony and submissions to U.S. Trade Representative Jamieson Greer, domestic and foreign automakers are suggesting various changes to the agreement but urging Washington to uphold it. They also point to the financial strain, uncertainty and loss of investments caused by the import taxes imposed by U.S. President Donald Trump. The agreement, based on the North American free-trade agreement that preceded it, has allowed makers of cars and auto parts to boost efficiency and reduce costs by moving production back and forth across borders. "There's no question that the USMCA is critical to the auto industry," said Patrick Anderson at Michigan-based consultancy Anderson Economic Group. There are now fears that Mr. Trump will cancel the agreement. "The USMCA has an existential threat now that it hasn't had in decades," Mr. Anderson said by phone.

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