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Trump's China Tariffs Claim Another Victim: A South Carolina TV Manufacturing Plant:
The tariffs imposed by President Trump have claimed more jobs, this time at a consumer-electronics manufacturing plant in South Carolina.
Element Electronics blamed tariffs on Chinese imports for its decision to shut down its manufacturing facilities in Winnsboro, SC, a town located about 30 miles north of the state's capital. The plant, which makes Element TVs, will maintain a skeleton crew of eight workers, as it hopes the shutdown will be temporary."
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.
Element notified the state's Department of Employment about its plans, according to Columbia-based The State newspaper, which first reported on the plant's closing. In its notification, Element stated, "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."
(Score: 3, Insightful) by Anonymous Coward on Thursday August 09 2018, @03:34AM (2 children)
Making big bucks? No... been there, done that. He now wants to be in the history books, he's having fun, and he gets the satisfaction of making America great again.
There are enough obvious motives that it is silly to imagine ulterior ones.
(Score: 2) by DeathMonkey on Thursday August 09 2018, @08:22PM
Paul Manafort appeared to have already made the megabucks too...
There's a pretty obvious motive for being the first US President to NOT release his tax returns.
(Score: 0) by Anonymous Coward on Thursday August 09 2018, @09:27PM
I'm pretty sure his plan is to fuck up the US and then escape to Russia when the consequences catch up.