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Martinrea International Inc
Symbol MRE
Shares Issued 69,974,759
Close 2026-08-26 C$ 10.07
Market Cap C$ 704,645,823
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Globe says Magna sees only Canada, China rebuff U.S.

2026-08-27 07:03 ET - In the News

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

The Globe and Mail reports in its Thursday edition that Global Times said Canada and China "are the only countries daring to respond to U.S. pressure with reciprocal measures." The Globe's James Griffiths writes that relations between Canada and China were strained last year, marked by a trade war. However, under Prime Minister Mark Carney, ties have improved, with China serving as a counterbalance as Canada looks to reduce reliance on the United States. Negotiations with the U.S. broke down partly due to Washington's demand to control Canada's economic arrangements with other countries. This demand reflected an escalation in "economic security" language seen in other agreements after U.S. tariffs last year, which have had limited impact, as few countries are willing to sever ties with China. Advances with China does not mean there will be a long-term break in U.S.-Canada relations or a rebalancing by Ottawa toward China. One observer sees the latest row pushing bilateral ties into considerable tension in the short term. In the long term, however, he believe the two sides will not drift too far apart. Last year, Canada irritated the United States by allowing a limited number of Chinese electric vehicles into the country.

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