The U.S.-Mexico-Canada trade agreement has shielded the auto parts maker from most tariffs. The Vaughan, Ont.-based manufacturer also said in its second-quarter earnings that it can offset most surtaxes on steel and aluminum, in part by recovering the cost from customers. Shares rose about 11 per cent in midday trading Wednesday. (The Logic)

Talking point: Small auto suppliers and major automakers alike have suffered under this year’s tariffs, yet Martinrea saw its profit margins rise between the first and second quarters. Artificial intelligence programs have saved the company millions, executives said, by automating welding assembly lines and reducing repair costs. Martinrea also booked new business from Volkswagen, Stellantis and Volvo, as European and Asian automakers move production to the U.S. Re-shoring “is good news, as it may lead to higher production volumes in the U.S., which will be beneficial for North American suppliers,” chief financial officer Peter Cirulis said on an earnings call.