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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: 1) by Captival on Thursday August 09 2018, @11:17PM (2 children)
4.1% growth this quarter. Record high stock market, record low unemployment.
No, we're not. You fucking have to cherrypick this shit little company that nobody ever heard of to make your point.
Sorry that Trump doesn't want your kind in the military, but that's no reason to spread lies and propaganda about him.
(Score: 3, Insightful) by Azuma Hazuki on Friday August 10 2018, @02:11AM (1 child)
If you think the stock market represents the economy at large, or that you're being shown the actual unemployment rate (hint: U3 and U6 are very different numbers...) *you're* the one who's fallen victim to propaganda. I am closer to the street, uncomfortably so in many cases, than most people, and I see things getting worse for the average American.
I am "that girl" your mother warned you about...
(Score: 2) by legont on Friday August 10 2018, @03:16AM
The method of calculation of unemployment did not change under Trump and the numbers are way better. The GDP numbers are better than even the wildest projections of Republicans.
As per BS in unemployment calculations, it was introduced by the bitch's husband president Clinton. He also ended welfare for poor and reformed criminal justice system so all the folks who lost welfare could be sent directly to prisons.
It was predicted those days that it will cost him and it did when his wife started to get "Hilary to prison" car badges from poor. Democrats got what they deserved and I really hope that once Trump is reelected he will put Hilary to prison as he promised during the campaign.
"Wealth is the relentless enemy of understanding" - John Kenneth Galbraith.