Auto parts tariff exemption provides "certainty and relief," says Magna - MRO Magazine

Auto parts tariff exemption provides "certainty and relief," says Magna - MRO Magazine

The head of Magna International Inc. is cheering a tariff exemption for automobile parts compliant with the Canada-U.S.-Mexico Agreement. The U.S. had said last month it would start charging a 25 per cent tariff on all imported auto parts by May 3, but U.S. Customs and Border Protection guidance released Thursday provided clarification. “Definitely that gives a lot more certainty and relief in our planning process,” said Magna chief executive Sw…