SoylentNews
SoylentNews is people
https://soylentnews.org/

Title    Element TV Factory in South Carolina Shuts Down; Tariffs Cited as Reason
Date    Thursday August 09 2018, @03:00AM
Author    martyb
Topic   
from the tired-of-winning dept.
https://soylentnews.org/article.pl?sid=18/08/08/2312208

An Anonymous Coward writes:

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."


Original Submission

Links

  1. "Trump's China Tariffs Claim Another Victim: A South Carolina TV Manufacturing Plant" - https://finance.yahoo.com/news/trump-apos-china-tariffs-claim-223207045.html
  2. "Element Electronics" - https://www.elementelectronics.com/company/our-story/
  3. "Walmart" - http://fortune.com/fortune500/walmart/
  4. "first reported" - https://www.thestate.com/news/politics-government/article216196580.html
  5. "Original Submission" - https://soylentnews.org/submit.pl?op=viewsub&subid=28321

© Copyright 2024 - SoylentNews, All Rights Reserved

printed from SoylentNews, Element TV Factory in South Carolina Shuts Down; Tariffs Cited as Reason on 2024-03-28 21:52:52