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New Trump Tariffs Will Spare Partsmaker Says Magna CEO
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May 1, 2026
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May 1, 2026
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6:50Now PlayingSwamy Kotagiri, Magna International CEO joins Bloomberg Businessweek Daily to discuss their recent earnings, the state of the auto sector and demand, EV adoption moderation.
He spoke to Tim Stenovec and Carol Massar after Trump said he was raising tariffs on cars and trucks from the European Union to 25%, claiming that the bloc had failed to fully comply with a trade agreement negotiated with the US.
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