'It's absolutely devastating... the potential anyway, if we see this escalate all the way up to the 25% in October.' One auto industry expert discusses the potential impact of the Trump Mexico tariffs on the industry.
President Trump announced Thursday that he is imposing new tariff on imports from Mexico to try to curb illegal immigration on the southern border.
Jeff Schuster, LMC Automotive president of America's operation and global vehicle forecasts, joins "Squawk Box" to discuss how auto imports might be affected by President Trump's tariff threat against Mexico.
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