- A United Auto Workers union strike could occur as soon as Friday.
- A 10-day strike could cost the economy $5.6 billion and hurt Biden in the election.
- The UAW has until Thursday night to agree to an offer with Ford, GM, and Stellantis.
The clock is ticking as a strike looms at the US’s three major unionized automakers, and a walkout could cost the economy billions.
A strike by the United Auto Workers union against Ford, General Motors, and Stellantis — which could come as soon as Friday — could damage the economy and drive up inflation, the economic-consulting firm Anderson Economic Group said in August. A 10-day strike of over 143,000 workers could reduce the nation’s gross domestic product by $5.6 billion, AEG found, which could push Michigan into a recession.
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