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The Water Cooler
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Tariffs: Saving American Jobs Since...Wait, What?
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<blockquote data-quote="Hobbes" data-source="post: 3127851" data-attributes="member: 3371"><p><a href="https://www.platts.com/latest-news/metals/louisville-kentucky/largest-us-nail-producer-says-tariffs-driving-10459556" target="_blank"><span style="font-size: 22px"><strong>Largest US nail producer says tariffs driving it out of business</strong></span></a></p><p> <a href="https://www.platts.com/latest-news/metals/louisville-kentucky/largest-us-nail-producer-says-tariffs-driving-10459556" target="_blank"></a></p><p><a href="https://www.platts.com/latest-news/metals/louisville-kentucky/largest-us-nail-producer-says-tariffs-driving-10459556" target="_blank"></a></p><p> <a href="https://www.platts.com/latest-news/metals/louisville-kentucky/largest-us-nail-producer-says-tariffs-driving-10459556" target="_blank"></a></p><p><a href="https://www.platts.com/latest-news/metals/louisville-kentucky/largest-us-nail-producer-says-tariffs-driving-10459556" target="_blank"></a></p><p><a href="https://www.platts.com/latest-news/metals/louisville-kentucky/largest-us-nail-producer-says-tariffs-driving-10459556" target="_blank">Louisville, Kentucky (Platts)--21 Jun 2018 540 pm EDT/2140 GMT</a></p><p><a href="https://www.platts.com/latest-news/metals/louisville-kentucky/largest-us-nail-producer-says-tariffs-driving-10459556" target="_blank"></a></p><p><a href="https://www.platts.com/latest-news/metals/louisville-kentucky/largest-us-nail-producer-says-tariffs-driving-10459556" target="_blank"></a></p><p><a href="https://www.platts.com/latest-news/metals/louisville-kentucky/largest-us-nail-producer-says-tariffs-driving-10459556" target="_blank"></a></p><p><a href="https://www.platts.com/latest-news/metals/louisville-kentucky/largest-us-nail-producer-says-tariffs-driving-10459556" target="_blank">The largest nail manufacturer in the US, Mid Continent Nail Corp of Poplar Bluff, Missouri, says it is being driven out of business because of the Trump administration's tariffs on imported steel and aluminum.</a></p><p><a href="https://www.platts.com/latest-news/metals/louisville-kentucky/largest-us-nail-producer-says-tariffs-driving-10459556" target="_blank"></a></p><p><a href="https://www.platts.com/latest-news/metals/louisville-kentucky/largest-us-nail-producer-says-tariffs-driving-10459556" target="_blank">Since the tariffs -- 25% on steel and 10% on aluminum -- took effect June 1, the plant has lost about 50% of its business and has been forced to lay off 60 of its 500 employees, company spokeswoman Elizabeth Heaton told S&P Global Platts Thursday.</a></p></blockquote><p></p>
[QUOTE="Hobbes, post: 3127851, member: 3371"] [URL='https://www.platts.com/latest-news/metals/louisville-kentucky/largest-us-nail-producer-says-tariffs-driving-10459556'][SIZE=6][B]Largest US nail producer says tariffs driving it out of business[/B][/SIZE] Louisville, Kentucky (Platts)--21 Jun 2018 540 pm EDT/2140 GMT The largest nail manufacturer in the US, Mid Continent Nail Corp of Poplar Bluff, Missouri, says it is being driven out of business because of the Trump administration's tariffs on imported steel and aluminum. Since the tariffs -- 25% on steel and 10% on aluminum -- took effect June 1, the plant has lost about 50% of its business and has been forced to lay off 60 of its 500 employees, company spokeswoman Elizabeth Heaton told S&P Global Platts Thursday.[/URL] [/QUOTE]
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