Excerpted from Wall Street Journal Editorial. November 27, 2018
President Trump believes he can command markets like King Canute thought he could the tides. But General Motors has again exposed the inability of any politician to arrest the changes in technology and consumer tastes roiling the auto industry.
The President reacted like a spurned suitor.
Mr. Trump thinks his trade machinations can overrule the realities of the marketplace. Fine with us if he wants to end subsidies for all car companies. But if he intervenes to make GM less competitive, Mr. Trump will merely hurt more workers.
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