Auto parts maker Martinrea warns U.S. tariffs will drive up vehicle prices, hurt Detroit Three automakers

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Open this photo in gallery: Automobiles drive in traffic on traditionally the busiest travel day, the day before American Thanksgiving, along the Long Island Expressway in the Queens borough of New York City, on Nov. 27, 2024.Shannon Stapleton/Reuters U.S. President Donald Trump’s tariffs on imports from Canada and Mexico will hurt the Detroit Three automakers and drive up vehicle prices for their customers, says the executive chairman of auto parts maker Martinrea International Inc. MRE-T Rob Wildeboer, speaking on an analyst conference call one day after Mr. Trump once again delayed imposing tariffs on the Canadian and Mexican auto sectors...