Magna applauds the recent elimination of the U.S.’s steel and aluminum tariffs on Canada and Mexico and Canada and Mexico’s retaliatory tariffs. The U.S. should now remove its tariff on all steel and aluminum imports.

The steel and aluminum tariffs have already caused significant disruption across the industry. Rather than protect the economic security of the U.S., tariffs undermine the automotive industry, endanger long-standing international relationships, and negatively affect the entire American economy.

We believe that these tariffs will have an adverse impact on automakers, suppliers and consumers.