-- Martinrea International (MRE.TO) on Thursday said it is maintaining its full-year 2026 outlook following the amendment of Section 232 tariffs on Steel, Aluminum and Copper imports into the United States, which came into effect on April 6.
The company said it expects no impact to its business as a result of the Section 232 tariff amendments, as auto parts are covered under a separate agreement, and its parts, which are USMCA-compliant, remain exempt from tariffs.
"The company is subject to tariffs on certain imports of raw material inputs (i.e., steel and aluminum derivative products) that may be impacted by the recent amendments," added the company. "However, any adverse impact is expected to be modest, and absorbed by its customers, or otherwise mitigated."
The company's shares were last seen up $0.23 to $9.18 on the Toronto Stock Exchange.
Price: $9.18, Change: $+0.23, Percent Change: +2.57%