iShares Inc iShares MSCI Mexico ETF (ARCA: EWW)

Dernières nouvelles pour iShares Inc iShares MSCI Mexico ETF (ARCA:EWW)

iShares Inc iShares MSCI Mexico ETF

iShares MSCI Mexico Capped Investable Market Index Fund

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The Fund seeks to track the investment results of the MSCI Mexico IMI 25/50 Index (the Underlying Index), which is a free float-adjusted market capitalization-weighted index that is designed to measure the performance of the large-, mid- and small-capitalization segments of the equity market in Mexico. The Underlying Index is rebalanced quarterly using an optimization process that aims to minimize the constituent weight differences between the Underlying Index and the MSCI Mexico Index (the Parent Index). The Underlying Index uses a capping methodology that limits the weight of any single group entity (constituents that MSCI determines have a control relationship) to a maximum of 25 Pecent of the Underlying Index weight, and the sum of all group entities with a weight above 5% to an aggregate of 50 Pecent of the Underlying Index weight. A group entity is a group of companies that operate as an affiliated corporate group but may separately issue listed securities.

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Watching Roche; Reuters Reports Statement From Co Stating It Plans To Invest Up To 4 Billion Pesos In Clinical Investigation In Mexico In Next 5-Years

Mexican stocks are charging ahead of their U.S. counterparts this year, setting the stage for their strongest outperformance versus the S&amp;P 500 since 2005, defying speculations that a Donald Trump administration would deal a<a href="https://www.benzinga.com/topic/mexico"> blow to Mexican assets. </a>
Through May 8, the iShares MSCI Mexico ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWW#NYSE">EWW</a>)—a key vehicle for U.S. investors to access Mexican equities—has surged 26%, while the S&amp;P 500, tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), has dropped 4.5%.
That's a staggering 30.5 percentage point lead in less than five months, rivaling the 37% annual outperformance seen in 2005—but at a much faster pace.
<h3 class="wp-block-heading">Mexican vs. US Stocks: YTD Performance (Through May 8, 2025)</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Index/ETF</th>
<th>YTD % Change</th>
</tr>
</thead>
<tbody>
<tr>
<td>EWW (iShares MSCI Mexico)</td>
<td>+26.0%</td>
</tr>
<tr>
<td>SPY (SPDR S&amp;P 500)</td>
<td>-4.5%</td>
</tr>
<tr>
<td>Outperformance Gap</td>
<td>+30.5%</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">Peso Recovery And Economic Resilience Fuel the Rally</h3>
The Mexican peso has appreciated 6.5% against the U.S. dollar so far this year, clawing back losses after a 23% decline in 2024. 
Meanwhile, the Mexican economy narrowly avoided a technical recession in the first quarter, while the U.S. economy contracted.
"Despite heightened domestic and external uncertainty, Mexico (barely) escaped entering a technical recession in 1Q25," said Alberto Ramos, economist at Goldman Sachs.
According to Ramos, strong trade flows into the U.S. ahead of anticipated import tariff changes supported activity in early 2025. However, he also flagged warning signs, with weakening business confidence and a downturn in manufacturing sentiment.
April's manufacturing PMIs showed clear contraction, particularly in new domestic and export orders.
<h3 class="wp-block-heading">Banxico In Easing Mode As Growth Risks Rise</h3>
Mexico's central bank has responded to the shifting macroeconomic landscape with monetary easing. Since July 2024, Banxico has cut rates by 200 basis points, bringing the policy rate down to 9%.
Since January, the pace of cuts has accelerated to 50 basis points per meeting. This comes amid rising global uncertainty, especially around the potential for renewed U.S. trade tensions under the Trump administration.
Analysts expect another 50-basis-point cut on May 9, assuming inflation trends continue to improve, suggesting further easing may be in the pipeline.
<h3 class="wp-block-heading">Top-Performing Mexican Stocks In 2025</h3>
Several Mexican equities have delivered stellar returns this year, with four stocks in the EWW ETF already posting gains above 50%:
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Company</th>
<th>YTD Performance</th>
<th>Description</th>
</tr>
</thead>
<tbody>
<tr>
<td>Operadora de Sites Mexicanos</td>
<td>+63%</td>
<td>Operates telecom towers and infrastructure; a major player in wireless expansion.</td>
</tr>
<tr>
<td>Industrias Peñoles</td>
<td>+59%</td>
<td>A mining firm with large exposure to silver, zinc, and precious metals.</td>
</tr>
<tr>
<td>Gentera</td>
<td>+57%</td>
<td>Provides microfinance and banking services to underserved markets.</td>
</tr>
<tr>
<td>Megacable Holdings</td>
<td>+53%</td>
<td>Offers broadband, TV, and telecommunications services across Mexico.</td>
</tr>
</tbody>
</table>
</figure>
A key contributor has also been Grupo Financiero Banorte, up 35% year to date and currently the largest holding in the EWW ETF, with an 11% weight.
Market breadth has been notably positive, with just 6 of the 47 EWW constituents posting losses this year through May 8.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/05/45266366/powell-flags-sharp-tariff-shock-elevated-uncertainty-fed-sticks-to-wait-and-see-mode">Powell Flags Sharp Tariff Shock, Elevated Uncertainty: Fed Sticks To &#8216;Wait-And-See&#8217; Mode</a></li>
</ul>
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Mexican Stocks Post Biggest Outperformance Over Wall Street In 20 Years

<a href="https://www.youtube.com/watch?v=CuRS6FT95qc" title="https://www.youtube.com/watch?v=CuRS6FT95qc">https://www.youtube.com/watch?v=CuRS6FT95qc</a>

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President Trump Says We Will Possibly Start To Renegotiate USMCA

STLA

TSLA

Watching Shares Of Automakers; Reuters Reports Mexico President Reportedly Says U.S. Easing Of Tariffs On The Auto Sector Is A Step Forward, A Recognition Of The North American Trade Agreement

<a href="https://truthsocial.com/@realDonaldTrump/posts/114353201227355474" title="https://truthsocial.com/@realDonaldTrump/posts/114353201227355474">https://truthsocial.com/@realDonaldTrump/posts/114353201227355474</a>

President Trump On Truth Social: 'Had a very productive call with the President of Mexico yesterday. Likewise, I met with the highest level Japanese Trade Representatives. It was a very productive meeting. Every Nation, including China, wants to meet! Today, Italy!'

<a href="https://www.bloomberg.com/news/articles/2025-04-15/mexico-halts-fuel-imports-at-texas-border-as-inspections-ramp-up" title="https://www.bloomberg.com/news/articles/2025-04-15/mexico-halts-fuel-imports-at-texas-border-as-inspections-ramp-up">https://www.bloomberg.com/news/articles/2025-04-15/mexico-halts-fuel-imports-at-texas-border-as-inspections-ramp-up</a>

'Mexico Halts Fuel Imports At Texas Border As Inspections Ramp Up' - Bloomberg News

<a href="https://www.reuters.com/business/autos-transportation/honda-has-no-plans-modify-production-mexico-says-economy-minister-2025-04-15/#:~:text=Honda%20has%20no%20plans%20to%20modify%20production%20in%20Mexico%2C%20says%20economy%20minister,-By%20Reuters&amp;text=MEXICO%20CITY%2C%20April%2015%20(Reuters,to%20modify%20their%20production%20there.">https://www.reuters.com/business/autos-transportation/honda-has-no-plans-modify-production-mexico-says-economy-minister-2025-04-15/#:~:text=Honda%20has%20no%20plans%20to%20modify%20production%20in%20Mexico%2C%20says%20economy%20minister,-By%20Reuters&amp;text=MEXICO%20CITY%2C%20April%2015%20(Reuters,to%20modify%20their%20production%20there.</a>
&nbsp;
Mexican Economy Minister Marcelo Ebrard said on Tuesday that Honda executives in the country had spoken with the government and said they have no plans to modify their production there.
Ebrard's comments in a post on X came after newspaper Nikkei reported that Japanese automaker Honda <a href="https://www.reuters.com/markets/companies/7267.T">(7267.T), opens new tab</a> was considering moving some car production from Mexico and Canada to the United States in response to new U.S. auto tariffs.

'Honda Has No Plans To Modify Production In Mexico, Says Economy Minister' - Reuters News

NEC Director Hassett On CNBC Said On Trump Tariff Pause: Everything Moved in Orderly Fashion; There Are Deals Close to Finish Line; Close to 20 Countries Making Offers

<a href="https://www.youtube.com/watch?v=qr9AeMFXzpY" title="https://www.youtube.com/watch?v=qr9AeMFXzpY">https://www.youtube.com/watch?v=qr9AeMFXzpY</a>

Trump Administration Aide Says Trump To Sign Executive Order On Foreign Defense Sales; Trump To Sign Executive Order On Deregulation Of Water Appliances; Canada, Mexico Won't Face 10% Us Tariff

Treasury Secretary  Bessent Said If There Are Solid Proposals, We Can End Up With Good Deals -CNBC Interview

Treasury Secretary Bessent Said Trump Will Be Personally Involved In Negotiations

Treasury Secretary Bessent, In CNBC Interview, Said: Tariff Negotiations Result Of Massive Inbound Calls, Not Market

Mexican equities staged a historic rally on Thursday, defying a <a href="https://www.benzinga.com/trading-ideas/movers/25/04/44618811/trump-tariffs-trigger-sell-off-on-holding-ast-spacemobile-lululemon-shopify-robinhood-tank">global market sell-off</a>. 
When President Donald Trump announced steep trade tariffs <a href="https://www.benzinga.com/topic/tariffs">targeting key U.S. partners</a>, he spared Mexico and Canada.
The United States-Mexico-Canada Agreement (USMCA)—a trade agreement that went into effect on July 1, 2020—shields U.S. neighbors from the immediate fallout.
The decision surprised market participants, who had expected a heavy tariff on the Central American economy. After all, Mexico runs a large trade surplus in goods with the U.S.
See Also: <a href="https://www.benzinga.com/government/regulations/25/04/44635144/fridays-jobs-report-could-be-make-or-break-moment-after-trumps-tariff-shock">Friday&#8217;s Jobs Report Could Be Make-Or-Break Moment After Trump&#8217;s Tariff Shock</a>
<h3 class="wp-block-heading">Mexican Equity ETF Outperforms S&amp;P 500 By Widest Margin Since September 1998</h3>
The iShares MSCI Mexico ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWW#NYSE">EWW</a>) — a popular vehicle for U.S. investors seeking exposure to Mexican equities — surged 4.5% on the day. This marks its strongest one-day gain since June 2024.
Its performance was aided by the Mexican peso, which rose 1.4% against the dollar. 
Meanwhile, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) plummeted 4.8%. That&#8217;s the worst daily performance since June 2020. 
This sets up an extraordinary 9.2 percentage point outperformance by Mexican stocks over their U.S. counterparts — a historically rare divergence.
According to historical market data, a performance gap of this magnitude between the two ETFs hasn't been seen since Sept. 15, 1998, when the Bank of Mexico intervened to defend the peso during a capital exodus from emerging markets triggered by Russia's default crisis.
Top daily performers included Operadora de Sites Mexicanos, S.A.B. de C.V. (OTCPK: OPMXF), which surged 5.5%, Bolsa Mexicana de Valores, S.A.B. de C.V. (OTCPK: BOMXF), up 4.7%, and Grupo Carso, S.A.B. de C.V. (OTCPK: GPOVF), which gained 3.9%.
<h3 class="wp-block-heading">Which Tariffs Are Applied To Mexico? </h3>
According to Goldman Sachs economist Alberto Ramos, the April 2 tariff order does not alter existing restrictions placed under the IEEPA (International Emergency Economic Powers Act) related to fentanyl and migration issues.
"USMCA-compliant goods will continue to see 0% tariff; non-USMCA compliant goods will face a 25% tariff, while non-compliant energy and potash exports are subject to a 10% levy," Ramos wrote in a note. 
Should the IEEPA orders be lifted, non-compliant goods would face a 12% "reciprocal" tariff, while USMCA-compliant exports would retain preferential access.
Mexico&#8217;s exports to the U.S. account for over 27% of GDP, underscoring the country's elevated sensitivity to U.S. trade policy. 
Ramos estimates that, under current rules, average U.S. tariffs on Mexican imports amount to roughly 8%, assuming most trade shifts to USMCA-compliant channels. 
Should more trade migrate to USMCA-compliant categories and if reciprocal tariffs replace IEEPA orders, the average effective tariff rate could fall slightly above 6%, improving Mexico's competitive positioning.
Despite the relief rally in Mexican assets, the economist cautions that Mexico remains indirectly exposed to global fallout. 
The broader package of reciprocal tariffs could dampen global growth and weigh on U.S. industrial demand, which would eventually affect Mexican exporters. 
&#8220;All in, in relative terms Mexico's external competitiveness was not hurt by today's announcements versus the current tariff baseline, but indirectly Mexico and LatAm could suffer from the potential impact on US and global growth of the broad reciprocal tariffs and any eventual retaliatory measures,&#8221; he said. 
Now Read: 
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<li><a href="https://www.benzinga.com/government/regulations/25/04/44635144/fridays-jobs-report-could-be-make-or-break-moment-after-trumps-tariff-shock">Friday&#8217;s Jobs Report Could Be Make-Or-Break Moment After Trump&#8217;s Tariff Shock</a></li>
</ul>
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Mexican Stocks Notch Widest 1-Day Rally Versus S&P 500 Since 1998 As Trump Spares Mexico From Tariffs

President Donald Trump's sweeping new trade tariffs sent shockwaves through global markets on Thursday, triggering a massive sell-off that echoed the COVID-19 pandemic-era routs, as investor risk <a href="https://www.benzinga.com/markets">appetite vanished in a flash.</a>
Wall Street saw a staggering $2 trillion in market cap erased, with the U.S.&#8217;s biggest 10 companies shedding $1 trillion alone.
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) plunged 8.7%, staring down its worst day since March 2020 and wiping out nearly $300 billion in value. NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) tumbled 6.4%, losing $171.9 billion, while Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) dropped 8%, on pace for a $166 billion hit.
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Company</th>
<th>% Daily Change</th>
<th>Market Cap Loss ($B)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Apple</td>
<td>-8.74%</td>
<td>-293.95</td>
</tr>
<tr>
<td>NVIDIA</td>
<td>-6.38%</td>
<td>-171.89</td>
</tr>
<tr>
<td>Amazon</td>
<td>-8.03%</td>
<td>-166.80</td>
</tr>
<tr>
<td>Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</td>
<td>-6.64%</td>
<td>-98.24</td>
</tr>
<tr>
<td>Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)</td>
<td>-3.26%</td>
<td>-62.74</td>
</tr>
<tr>
<td>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>)</td>
<td>-7.63%</td>
<td>-61.74</td>
</tr>
<tr>
<td>Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)</td>
<td>-2.04%</td>
<td>-57.96</td>
</tr>
<tr>
<td>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</td>
<td>-5.80%</td>
<td>-52.76</td>
</tr>
<tr>
<td>JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>)</td>
<td>-6.69%</td>
<td>-45.99</td>
</tr>
<tr>
<td>Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>)</td>
<td>-9.93%</td>
<td>-31.60</td>
</tr>
</tbody>
<tfoot>
<tr>
<td>Total</td>
<td></td>
<td>-1043.67</td>
</tr>
</tfoot>
</table>
</figure>
The S&amp;P 500 fell nearly 4%, poised for its worst session since September 2022, and sank to a seven-month low. Small caps took the brunt of the sell-off, with the Russell 2000 plunging over 5% and officially entering a bear market, now down more than 20% from its 2024 peak.
Fears of retaliatory action from key U.S. trading partners dragged every major sector into the red, except for defensive plays like consumer staples and utilities.
Consumer discretionary stocks were slammed. Apparel names posted double-digit losses: Ralph Lauren Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RL#NYSE">RL</a>), Nike Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) and Garmin Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRMN#NYSE">GRMN</a>) each dropped between 10% and 16%.
Cruise lines were also hit hard: Norwegian Cruise Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>) sank 13%, Carnival Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) fell 10%, and Royal Caribbean Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) slid 9%.
Bond markets saw a mild flight to safety. Treasury yields edged lower, yet the U.S. dollar weakened 1.6%, with the DXY index heading for its worst day since November 2022.
Commodities weren't spared. Oil prices nosedived on fears of a global slowdown, worsened by OPEC+'s surprise move to raise output. West Texas Intermediate crude plunged 7.5%, slipping below $70 per barrel.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) showed relative resilience in the carnage, dipping just 1% and holding above $81,600.
<h1 class="wp-block-heading">Thursday&#8217;s Performance in Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>40,908.76</td>
<td>-3.1 %</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,449.64</td>
<td>-3.9%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,751.99</td>
<td>-4.2%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1,929.91</td>
<td>-5.6%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:00 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 3.6% to $544.20.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) tumbled 3% to $409.26.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;plummeted 4.2% to $456.21.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) nosedived 5.4% to 191.63.</li>
<li>The&nbsp;Consumer Staples&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) outperformed, up 1.2%; the&nbsp;Technology&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) tanked, down 5.6%.</li>
</ul>
<h1 class="wp-block-heading">Other Major Stock, ETFs Moves To Know</h1>
<ul>
<li>Lamb Weston Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LW#NYSE">LW</a>) up 7.8%</li>
<li>Five Below Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>) down 26%,</li>
<li>Molina Healthcare Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOH#NYSE">MOH</a>), up 7.8%</li>
<li>Kohls Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>) down 25%</li>
<li>VanEck Vietnam ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNM#NYSE">VNM</a>) down 10.2%</li>
<li>iShares MSCI Mexico ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWW#NYSE">EWW</a>) up 4.7%, </li>
<li>iShares MSCI Taiwan ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWT#NYSE">EWT</a>) down 4%. </li>
</ul>
Read Now: 
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/04/44629640/us-services-sector-slows-sharply-as-hiring-drops-tariff-pressures-mount">US Services Sector Slows Sharply As Hiring Drops, Tariff Pressures Mount</a></li>
</ul>
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Wall Street Wipes Out $2 Trillion, Apple Eyes Worst Day Since COVID-19 Pandemic, Oil Plummets: What's Driving Markets Thursday?

<a href="https://www.cnbc.com/2025/04/03/stellantis-idles-plants-in-mexico-and-canada-due-to-tariffs.html">https://www.cnbc.com/2025/04/03/stellantis-idles-plants-in-mexico-and-canada-due-to-tariffs.html</a>
&nbsp;
<ul>
<li>Stellantis is pausing production at assembly plants in Canada and Mexico.</li>
<li>The actions will result in temporary layoffs of roughly 900-U.S. represented employees in addition to roughly 7,000 other employees at the assembly plants.</li>
</ul>
&nbsp;
<a href="https://www.cnbc.com/quotes/STLA/">Stellantis</a> is pausing production at two assembly plants in Canada and Mexico as the company attempts to navigate President <a href="https://www.cnbc.com/donald-trump/">Donald Trump</a>'s new round of <a href="https://www.cnbc.com/2025/04/03/trumps-25percent-auto-tariffs-are-in-effect-what-investors-need-to-know.html">25% automotive tariffs</a> that took effect Thursday.
The downtime includes two weeks at the automaker's Windsor Assembly Plant in Ontario, Canada, and the entire month of April at its Toluca Assembly Plant in Mexico. Both start Monday.
&nbsp;
The actions will result in temporary layoffs of roughly 900-U.S. represented employees in addition to roughly 7,000 other employees at the assembly plants.
In an email to employees Thursday, Stellantis North American chief Antonio Filosa said the plant downtime is tied to the tariffs, as the company reviews its options.
"We are continuing to assess the medium- and long-term effects of these tariffs on our operations, but also have decided to take some immediate actions, including temporarily pausing production at some of our Canadian and Mexican assembly plants," Filosa said. "Those actions will impact some employees at several of our U.S. powertrain and stamping facilities that support those operations."
The Canadian plant produces the Chrysler Pacifica minivan and the recently released Dodge Charger Daytona EV. The Mexico plant produces the Jeep Compass SUV and Jeep Wagoneer S EV.

'Stellantis Idles Plants In Mexico And Canada Due To Tariffs' - CNBC

<a href="https://www.youtube.com/watch?v=yiTFPN6SZsU" title="https://www.youtube.com/watch?v=yiTFPN6SZsU">https://www.youtube.com/watch?v=yiTFPN6SZsU</a>

Watch Live: President Trump To Announce Tariffs At White House

Canada's Carney Says If He Wins April 28 Election, His Government Will Set Up A Trade Diversification Fund; Gov't Will Strengthen The Security Of Ports To Help Stop The Traffic Of Drugs Such As Fentanyl As Well As Guns; New Trade Diversification Fund Will Have C$5 Billion In Funding; Canada's System Of Agricultural Supply Management Will Never Be On The Table In Talks With The U.S.; Says He Will Meet Trump, Talk With Trump Was Very Cordial; Says It's Not Clear Whether There Will Be New Trade Discussions

President Trump Says Don't Think Americans Should Buy Cars Now To Avoid Tariffs

Mexican President Sheinbaum Says The Door Is Open To Talks With The US; We Will Do What Is Best For Mexico

Mexican Economy Minister Ebrard Says We Are At A Negotiating Table With US Commerce Secretary To Protect Autoparts Made In Mexico

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