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Auto supplier to cut jobs, close warehouse, citing Trump tariffs
Posted
August 5, 2025
Views
1,466,044
Likes
13,399
Comments
6,309
Engagement
1.34%
August 5, 2025
1,466,044
13,399
6,309
1.34%
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9:28Now PlayingPresident Trump's sweeping tariffs on goods across the globe are set to take effect Thursday. Auto supplier Detroit Axle says it's going to have to lay off employees and close a warehouse because of the tariffs' effects.
Also, Trump said that the US was close to a trade deal with China, while threatening secondary sanctions and increased tariffs on India if it continues to buy 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 business and politics correspondent Vanessa Yurkevich reports. #CNN #News
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