Canada’s biggest auto parts names are buckling under the weight of U.S. President Donald Trump’s tariff threats as the chances the North American car manufacturing industry will stall grow. That’s sending stock prices hurtling back down toward levels last seen during the Covid-19 pandemic.
Shares of Martinrea International Inc. fell 1.1% on Wednesday, closing at their lowest since 2020 after the U.S. put in place 25% tariffs on Canadian aluminum and steel, both of which are key inputs for auto parts. Trump further fueled investors’ agita when he told reporters in the Oval Office that