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Tariffs on auto sector would cause shutdown: Martinrea executive chairman

TORONTO — If the U.S.’s tariffs are fully implemented and not withdrawn, the auto sector would “shut down,” said Rob Wildeboer, executive chairman and co-founder of auto supplier Martinrea International Inc. Most of the costs created by tariffs would not be borne by Martinrea directly, Wildeboer said, but the bigger issue is the effect they […]



Martinrea International's executive chairman, Rob Wildeboer, warns that fully implemented U.S. tariffs would cause the auto sector to shut down due to increased prices impacting consumer spending. While Martinrea currently faces no tariffs due to a temporary exemption, the company reported a Q4 and full-year loss, citing slow electric vehicle sales and margin pressure.

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