Trump to announce tariffs on auto imports today, White House says

News Snapshot:

President Donald Trump on Wednesday will announce tariffs on auto imports, a move that the White House claims would foster domestic manufacturing but could also put a financial squeeze on automakers that depend on global supply chains. White House press secretary Karoline Leavitt said the tariffs would be detailed at a 4 p.m. EST news conference. Leavitt said that she would leave it to the Republican president to flesh out his plans to tax foreign-made autos and parts, which could be complicated as even U.S. automakers source their components from around the world. Shares in General Motors GM-N have fallen...