Protectionism, subsidies and strikes are not a recipe for success in the car business
Democratic and Republican parties are already fairly sure who their nominees will be in 2024, so the general election campaign will begin unusually early. Perhaps it started this week: President Joe Biden joined a picket line in Michigan, becoming the first sitting president to do so; the next day Donald Trump was in the same state, courting car workers.
None of this matters much to Mr Trump or Mr Biden, whose focus is on 2024. Mr Trump promises to protect manufacturing workers with tariffs. So does Mr Biden in a more targeted way, to accompany subsidies he has introduced to encourage electric vehicles . Both hope to appeal to working-class families in the Midwest, where two of next year’s six swing states are.
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