President Trump's recent tariff announcements have alarmed Wall Street, leading many global manufacturers to pause U.S. shipments and raising recession fears. Despite this, Shawn Fain, the UAW president, supports earlier auto tariffs, arguing they address long-standing issues affecting U.S. manufacturing. He emphasizes the significant decline in U.S. auto jobs since the mid-20th century and believes that tariffs could help restore some manufacturing jobs lost since NAFTA. While critical of the timing and nature of Trump's latest tariffs, he prioritizes support for those benefiting his key industry.
Fain referred to last Wednesday's announcement of global tariffs as "reckless," but firmly supports an earlier round of tariffs on the U.S. auto industry.
For Fain, tariffs address a historic wrong. "We've sat here for the last 30 plus years, and watched our manufacturing base in this country disappear," he said.
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