WASHINGTON (AP) — Democratic President Joe Biden handed out subsidies to chipmakers and electric vehicle manufacturers. Republican President Donald Trump is building a wall of import taxes – tariffs – around the U.S. economy to protect domestic industry from foreign competition. But American manufacturing has been stuck in a rut anyway. Biden’s subsidies haven’t had time to deliver many factory jobs, and some of them have already been overturned by the Republican Congress. Trump’s tariffs help some manufacturers but hurt others. And the erratic way he’s rolled them out has paralyzed factory managers who don’t know what to plan for.
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