Auto parts executive believes U.S. will drop auto tariffs when USMCA renegotiated


Source: theglobeandmail.com theglobeandmail.com

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The head of auto parts maker Martinrea International Inc. is confident that U.S. tariffs on Canadian-made cars will not survive the next round of negotiations to renew the U.S.-Mexico-Canada free-trade agreement. Rob Wildeboer, executive chairman of Vaughan, Ont.-based Martinrea MRE-T, said Canadian negotiators at next year’s review of the continental agreement should be able to get rid of U.S. President Donald Trump’s 25-per-cent tariffs. The tariffs are opposed by Detroit-based automakers, who say they will cost the companies billions of dollars this year alone. U.S. industry experts say the taxes – applied on all imported passenger vehicles – are driving...