Martinrea maintains 2026 outlook amid U.S. tariff changes

An employee works on the production line at the Martinrea auto parts manufacturing plant in Woodbridge, Ontario on Monday February 3, 2025. The site supplies auto parts to both the Canadian and US auto plants. THE CANADIAN PRESS/Chris Young

TORONTO — Auto parts company Martinrea International Inc. is maintaining its full-year 2026 outlook following changes to U.S. tariffs on steel, aluminum and copper.

The company says it expects no impact to its business as a result of the Section 232 tariff amendments that took effect on April 6 because auto parts are covered under a separate agreement.

It says its parts comply with rules under the Canada-U.S.-Mexico trade agreement and remain exempt from tariffs.

Martinrea noted it is subject to tariffs on certain imports of raw materials that may be impacted by the changes, but any changes are expected to be modest and absorbed by customers, or otherwise mitigated.

It said further details will be provided when it holds a conference call to discuss its first-quarter results on April 30.

Martinrea has operations in Canada, the United States and around the world.

This report by The Canadian Press was first published April 16, 2026.