Tariff Quote Watch: Martinrea Emerging From a Perfect Storm, Squalls Still Ahead — Panjiva
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Tariff Quote Watch: Martinrea Emerging From a Perfect Storm, Squalls Still Ahead

Cons. Discr. - Autos 661 Tariff Quote Watch 91 Tariffs 1169 U.S. 3297

Auto-parts maker Martinrea has been beset by a “perfect storm” of troubles including NAFTA negotiations and metals tariffs according to company chairman Robert Wildeboer. Steel and aluminum tariffs have had a “nominal impact” but the firm is at an advantage to peers because of its localization strategy – namely using local components for manufacturing performed in the same country as its customers. There is still some import exposure though in the U.S. with imports of partially completed auto-parts. Only around 16.4% of its imports were from China and the ma...

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