Another day and another American made business goes under because of Trumps tarrifs.
#ThanksTrump
"“The layoff and closure is a result of the new tariffs that were recently and unexpectedly imposed on many goods imported from China, including the key television components used in our assembly operations in Winnsboro.”
"The news is especially hard for Winnsboro and its surrounding communities because of recent job losses in the area, including the shuttering of a Walmart store, the closing of a textile mill, and the cancellation of plans to construct two nuclear reactors."
"In June, America’s largest nail manufacturer, Mid-Continent Nail, became the first company to lay off workers and cite tariffs as the reason. The company made nails with steel imported from Mexico. In early July, Washington-based REC Silicon, which makes polysilicon used in solar panels, laid off 100 employees as “a direct result of the ongoing solar-trade dispute between China and the US."
Trump's China Tariffs Claim Another Victim: Americas last TV Manufacturing Plant
Harley-Davidson has also said it would move production of its Europe-bound vehicles offshore in response to a 31% tariff that the European Union imposed, which was itself retaliation against Trump’s tariffs on European steel.
Despite the closing of Element’s plant in South Carolina, Trump is pushing ahead with the imposition of new tariffs. The AP reported Tuesday that the Trump administration will go ahead with tariffs on $16 billion in Chinese imports beginning on August 23.