Short-term economy faces instability: Stellantis halts production due to surge in U.S. tariffs
The automotive group Stellantis has just announced a temporary halt of operations at its plants in Canada 🇨🇦 and Mexico 🇲🇽 in response to the new 25% tariff imposed by President Trump on imported cars.
The plant in Canada, which produces the Chrysler Pacifica and Dodge Charger Daytona EV, will be closed for 2 weeks.
The plant at
#mexico , which specializes in assembling the Jeep Compass and Jeep Wagoneer S EV, will cease operations for the entire month of April, starting Monday.
This action has led to thousands of employees being temporarily laid off and highlights the significant pressure that the supply chain and global manufacturing industry are facing amid rising trade tensions.
In this context, concerns about a short-term recession are becoming increasingly evident, especially as
#USDX has decreased from 103.3 to 101.3 after the tariff information was announced (data from
#FXCE ), reflecting investors' unease about the economic outlook of the U.S. and globally.
📉 The production stagnation not only affects the automotive industry but also poses a risk of spreading to other sectors, creating a wave of economic instability in the near future.