President Joe Biden has said that the members of the United Auto Workers union who are on strike against three auto giants deserve the 40 percent pay hike that they are demanding.
He made this remark while joining the picket line in Wayne County, Michigan, on Tuesday.
Replying to a question after brief remarks to the workers who are on strike for a second week, Biden said, "Yes, I think they should be able to bargain for that."
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.