Companies and workers in the United States and around the world react to the US reciprocal tariff announcement.
Workers at auto production facilities in Indiana couldn't help but feel worried after auto manufacturing company Stellantis said it was temporarily laying off 900 workers at five US facilities and pausing production at one assembly plant each in Mexico and Canada.
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Workers at auto production facilities in Indiana couldn't help but feel worried after auto manufacturing company Stellantis said it was temporarily laying off 900 workers at five US facilities and pausing production at one assembly plant each in Mexico and Canada.
WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline
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NewsTranscript
00:00I agree with the intent and what they're trying to do with the tariffs and bring jobs back.
00:16I just think the immediate effect right here, I mean, look, they just made the announcement
00:21yesterday afternoon.
00:22Scolanus didn't waste no time announcing 900 people are going to be affected.
00:26And I think that's just the tip of the iceberg.
00:28It's scary.
00:30A lot of people are scared of change, but I think they're more scared of not knowing
00:34what's going to happen.
00:36Change is a little bit easier to navigate, at least you know the variables.
00:40Here we don't know the variables.
00:43That's the scary part.
00:44You know, we've got a group of 470 some people out there that are starting to worry.
00:50They don't know if they need to go find another job or not.
00:53That's the frustrating part because it's our job to be able to help and reach out and guide
00:56those people and give them an honest opinion on what they need to do and we can't.
01:02That's the frustrating part.
01:26The market will be back to normal in a month or two, just like water finds its own level.
01:46The market will find its own level.
01:48Trump won't have much of an effect and the market will go up a lot in the future because
01:55India is a growth economy.
02:26It's a great time to be worried because we have to stay vigilant and watch what happens.
02:35You know that with Trump, everything is unpredictable.
02:39The 20% that were announced tonight may become 200 in 15 days, may become 5 or 0 in a few months.
02:47So let's be vigilant, let's not panic, let's not try to run ahead and panic.
02:52But let's look at what's happening and try to think about what could happen next.