Auto provider to chop jobs, shut warehouse, citing Trump tariffs
President Trump’s sweeping tariffs on items throughout the globe are set to take impact Thursday. Auto provider Detroit Axle says it will have to put off staff and shut a warehouse due to the tariffs’ results.
Also, Trump mentioned that the US was near a commerce take care of China, whereas threatening secondary sanctions and elevated tariffs on India if it continues to purchase Russian oil.
CNN’s Jessica Dean speaks with Detroit Axle CEO Mike Musheinesh, CNN’s Audie Cornish speaks with Cardiff Garcia of the Economic Innovation Group and CNN enterprise and politics correspondent Vanessa Yurkevich studies. #CNN #News