How Will Tariffs Affect Ohio's Auto Industry?

Because Ohio has the nation’s #2 largest workforce in motor vehicle manufacturing (OEM assembly) and motor vehicle parts manufacturing (auto parts suppliers); President Trump's on again-off again tariff policies that have been rocking the stock market this week, also have the potential for affecting the lives and livelihoods of hundreds of thousands of people in our state. While Automotive Industry Union leaders have cheered the possibility tariffs helping to bring more automotive jobs back to the US; there is also quite a bit of concern on the part of auto makers and consumers, about how tariffs could affect the price of both parts and vehicles. In addition, while there is the possibility that tariffs could eventually persuade more auto makers to build plants here; The Detroit Free Press reports this week that auto workers could see their profit sharing income drop, if their employers see falling profits in the more immediate future. Listen now as I discuss the issue with CBS News Automotive Industry Contributor, Jeff Gilbert, who is also with WWJ Radio News, in Detroit. Please note this interview was recorded on Monday, April 7.