DOGE's Next Target Set To Hand 401K Savers A Windfall?

Musk's Department of Government Efficiency has already uncovered $55B in waste--and Trump's backing his plan to return $2T in savings to taxpayers. But why wait? Unlock a legal Trump IRS loophole to protect & grow your wealth NOW!

US tariffs ripple through auto supply chains into Mexico

FABIOLA SÁNCHEZ
April 04, 2025

TOLUCA, Mexico (AP) -- Auto workers voiced uncertainty and hope outside a Stellantis assembly plant in central Mexico that was scheduled to begin a month-long pause in production Friday as the maker of brands including Jeep and Ram assesses the potential impact of the latest U.S. tariffs on its operations.

The company had announced Thursday that it would pause production at the plant in Toluca, as well as another one in Canada. The pauses would lead to 900 temporary layoffs at plants in Michigan and Indiana.

U.S. President Donald Trump announced 25% tariffs on auto imports last week, but since Mexico has a free trade agreement with the United States and Canada, it believes it can get almost all of its auto production exempt under the agreement.

Mexico dodged what the White House called "reciprocal" tariffs on dozens of trading partners around the world on Wednesday.

On Thursday afternoon, workers arriving for their shift and some leaving the Stellantis plant said the company had not yet informed them of the plans.

Mexico President Claudia Sheinbaum on Friday downplayed the company's announcement, saying her economy secretary had spoken with the company.

"They are not thinking about reducing the jobs," Sheinbaum said. "It's a temporary stoppage to be able to evaluate the current conditions."

She said the company had explained that one of their electric vehicles already wasn't selling well, and now, with the tariffs, it would study whether it would continue manufacturing the vehicle.

The president added that Swedish car maker Volvo had said Thursday that it was going to increase production at its plant in the northern state of Nuevo Leon.

A Stellantis official, who requested anonymity because they were not authorized to comment, said that the stoppage in Toluca would run from April 4 to May 4. Additionally, a Stellantis plant in Saltillo in the northern border state of Coahuila paused production March 31 for about two weeks, the person said.

There were no plans for layoffs at the Mexico plants. Workers would do training and maintenance during the stoppages, the Stellantis official said.

José Emilio, a 31-year-old worker at the Toluca plant who gave only his first names for fear of retaliation, said he was worried as he headed in for his shift. He said he heard about the company's plans to pause production on the news and worried that the U.S. tariffs could lead to job loss in Mexico.

But Eduardo Jiménez, 53, who has worked at the plant for 35 years, said he has seen his share of ups and downs and believes Mexico's auto industry will survive Trump's tariffs.

"We've gone through a lot of previous crises," he said as he left the plant.

The auto sector is critical in Mexico, generating nearly one million jobs and representing around 5% of the gross domestic product and 32% of Mexico's exports.

Last year, Mexico exported 87% of the nearly 4 million vehicles it produced to the United States.

Isidro Morales, a political science professor specializing in North American integration at the Meritorious Autonomous University of Puebla said that Mexico will try to make the U.S. respect the terms of the free-trade agreement, which Trump signed during his first presidency.

Sitting on the sidewalk outside the plant waiting for his shift to begin Thursday, auto worker Sergio Rodríguez, 40, said he was confident that Sheinbaum would reach a deal with the U.S. to avoid the tariffs. "They'll talk to each other and come to an agreement," he said.

__

AP writer María Verza in Mexico City contributed to this report.

Continue Reading...

Popular

$74 Billion Wiped Out Since Tariff Declaration — See How Much The Billionaires Lost

In a significant market downturn since President Trump announced new tariffs worldwide, the world's wealthiest individuals have seen their fortunes shrink by $74 billion.

Buffett's $29B Oil Bet--Here's How to Earn 22% Yields Monthly - Ad

Buffett is loading up on oil stocks--10% of his portfolio is now in energy. But while he earns modest dividends, we've found an ETF yielding 22% annually with monthly payouts! Get the full details now--before the next oil surge!

Office of Minority Health Targeted as RFK Jr. Drives Deep Cuts Across CMS

The Centers for Medicare & Medicaid Services has reportedly eliminated jobs in multiple key divisions, including its Office of Minority Health.

Charlie Munger Slams Teaching Stock Trading To Young People: 'It's Like Trying To Induce Young People To Start Off On Heroin'

Charlie Munger, the longtime business partner of Warren Buffett, once voiced his disapproval of introducing young people to active stock trading, likening it to initiating them into heroin use.

Elon Musk Drops Stunning Bombshell? - Ad

Behind closed doors, Musk revealed a game-changing breakthrough technology that could shake the tech world & crush major companies. Why is no one talking about it? Luckily, we had a man on the inside - watch now to see the details & how to profit!

The US Bank executive killed in a plane crash died of blunt-force injuries

MINNEAPOLIS (AP) — The U.S. Bank executive killed when his in suburban Minneapolis died of blunt-force injuries, a medical examiner ruled Tuesday.

Trump's latest auto tariffs explained: What car buyers should know this year

DETROIT (AP) — President Donald Trump’s are sending more tremors through an industry already being pummeled by and . The new tariffs, announced Wednesday, are likely to jack up new vehicle prices and will also impact the used car market.

Elon's Biggest Secret Could Save Your Retirement - Ad

From a near-fatal car crash to surviving deadly malaria, Musk's fearless drive built Tesla, SpaceX, and Starlink. Now, he's warning America--and smart investors are listening. Discover the Trump IRS Loophole to protect your IRA & 401(k).

Trump To Target 'Dirty 15' Countries With Tariffs: Which Countries Could Be Included?

President Donald Trump is preparing to announce his most expansive tariff plan to date, set to take effect on April 2. What countries could be targeted?

Hurry! Enter These 2 Trades by EOD Tuesday - Ad

This system uses an odd twist on trading options that has led to win after win, oftentimes doubling your money in just 3 days! This simple system hasn't closed out a losing trade... in more than 8 years! And the latest two trades are about to be released...

Dow wants to power its Texas manufacturing complex with new nuclear reactors instead of natural gas

Dow, a major producer of chemicals and plastics, wants to use next-generation nuclear reactors for clean power and steam at a Texas manufacturing complex instead of natural gas.

New "Trump" Currency Proposed in DC - Ad

A new Executive Order could unlock a $150 trillion hidden asset--and spark a historic boom in one overlooked corner of the market. Jim Rickards reveals the full story--before it hits front-page news. Watch now before it's too late!

Trump Yanks Security Clearances From Biden, Harris, Clinton, and Other Foes

President Trump has rescinded security clearances and access to classified information from a list of high-profile individuals.

Canada's oldest company to liquidate all but 6 stores starting Monday

TORONTO (AP) — An Ontario court on Friday gave Hudson’s Bay, Canada’s oldest company, permission to start liquidating all but six of its stores on Monday.

Tiny AI Firm Could Outperform NVIDIA - Ad

This could be the single-biggest investment opportunity of the AI era. As AI's rapid expansion pushes energy needs to levels comparable with entire nations... A small company's innovative technology stands ready to tackle this challenge and satisfy the escalating power requirements of AI. Remarkably, its stock is currently available for just a few dollars.

Amazon Stock's Recent Pullback Offers 'Unique Opportunity': Analyst

Amazon shares are down 9% over the last month, but WestPark Capital analyst Curtis Shauger sees a buying opportunity in the stock's recent pullback. 

Demand for viral 'torpedo' baseball bats has sent a Pennsylvania factory into overdrive

KING OF PRUSSIA, Pa. (AP) — A 70-year-old man who plays in an area senior hardball league popped into Victus Sports this week because he needed bats for the new season. Plus he just had to take some cuts with baseball's latest fad and see for himself if there really was some wizardry in the wallop off

Forget Nvidia - This Odd Tariff Play Is Now Going Viral - Ad

As President Trump slaps China with new tariffs, the Fed is boxed in--and gold is skyrocketing just like it did during Trump's first term. JPMorgan just grabbed $4 Billion in gold bars... should you? Discover a "Tariff Assistance Loophole" to move funds from your IRA & 401(k) into gold--tax-free!

Supreme Court seems likely to side with Catholic Charities in religious-rights case

WASHINGTON (AP) — The appeared Monday to be leaning toward a Catholic charitable organization pushing back against the state of Wisconsin in the latest religious rights to come before the court.

"Trump Will Be Furious We're Leaking This..." - Ad

Bombshell new accusation from Trump insider. Economic advisor, personal friend, and campaign insider breaks silence on the financial crisis he believes is being engineered by the Trump administration.

10 IRA mistakes to avoid

From contributions to conversions to distributions, don’t fall into these traps when managing your IRA.

States team up to defend green transportation projects targeted by Trump

CHICAGO (AP) — Hundreds of bicycle advocates were at an annual summit this month in Washington, D.C., when their cellphones lit up over breakfast with an urgent email warning that President Donald Trump's had just halted federal for bike lanes.

Jeff Bezos Quietly Backing World-Changing Tech (Not AI) - Ad

The Amazon founder is quietly advancing a radical technology that could change society forever and make early investors rich.

Tesla is suing to open dealerships in Wisconsin. It's become a big deal in the Supreme Court race

MADISON, Wis. (AP) — Tesla CEO Elon Musk and political groups he backs are pouring millions of dollars into the race for a seat on as the electric vehicle company sues to overturn a state law that prevents it from opening dealerships — a case that eventually could make its way to the high court.

US energy department invites AI data center development at Los Alamos and other federal lands

The U.S. Department of Energy said it has identified , including storied nuclear research laboratories such as Los Alamos, where tech companies could build data centers in a push to accelerate commercial development of artificial intelligence technology.

Trump to Unlock 15-Figure Fortune for America (May 3rd)? - Ad

This map looks ordinary--but according to insider Jim Rickards, it reveals a hidden government asset so massive . Trump may soon unlock it--learn how to position yourself before it's too late!

Mexico bans junk food sales in schools in its latest salvo against child obesity

MEXICO CITY (AP) — A government-sponsored junk food ban in schools across Mexico took effect on Saturday, officials said, as the country tries to tackle one of the world’s worst obesity and diabetes epidemics.

Nvidia CEO Jensen Huang discusses AI's future at GTC 2025

Nvidia founder Jensen Huang kicked off the company's artificial intelligence developer conference on Tuesday by telling a crowd of thousands that AI is going through “an inflection point.”

Trump's Next Move - Ad

First it was MAGA, then MAHA, now MARA. New video reveals what Trump's greatest plan yet. Presidential insider exposes shocking plot to reshape U.S. economy.

Velora Rebrand Introduces Intents-Based Trading To Enhance DeFi Execution

Decentralized exchange aggregator ParaSwap rebranded to Velora, unveiling a major shift to intents-based trading and introducing new features for improved speed and efficiency in decentralized markets.

Hate Elon? Read Immediately - Ad

Elon Musk is days away from launching the most radical economic transformation in American history. Please understand... you don't have long to act before Elon makes his move. Inside the next 100 days, I predict he's going to instigate an economic transformation that'll impact hundreds of millions of people.

Elon Musk Warns Pentagon Leakers Following Exposé on Alleged Secret China War Briefing: 'They Will Be Found'

Elon Musk has issued a public threat to Pentagon employees suspected of leaking information about an alleged briefing on sensitive materials involving a potential U.S. war with China.

Google In Advanced Talks To Buy Cybersecurity Startup Wiz For $30 Billion — Largest Deal Ever Amid Antitrust Uncertainty: Report

Google is reportedly in advanced talks to acquire cybersecurity startup Wiz for $30 billion, marking its largest-ever deal and a major bet on cloud security amid ongoing antitrust scrutiny.

Maverick Trader Reveals 97% Accurate System - Ad

This man's simple strategy makes money in any market...With a 97% accuracy at hitting winners over the past 8 years!

Tom Lee Says Markets Are 'Deeply Oversold,' Expects Bitcoin To Lead Rebound As Investors Fear Trump's Tariff Impact

Fundstrat‘s Tom Lee believes markets are poised for a rebound despite widespread investor anxiety ahead of President Donald Trump‘s anticipated tariff announ

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright activatrade.ca
Privacy Policy | Terms of Service