Largest US nail manufacturer 'on the brink of extinction' because of the steel tariffs

Steel tariffs could force the nation's largest nail manufacturer to close or move to Mexico.

The Mid-Continent Nail plant in Poplar Bluff, Missouri, laid off 60 of its 500 workers last week because of increased steel costs. The company blames the 25% tariff on imported steel. Orders for nails plunged 50% after the company raised its prices to deal with higher steel costs.

The company is in danger of shutting production by Labor Day.
Mid-Continent Nail is "on the brink of extinction," he said.

Glassman said the company might relocate to Mexico, where it could buy the steel without the tariffs — and then export the finished nails back to the United States without tariffs, which only apply to raw materials.

money.cnn.com/2018/06/26/news/companies/steel-tariffs-job-losses/index.html

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nobody cares

is this a jewish name?

Please link legit sources

Moving to Mexico for slave leighbor, raising prices to deal with a problem that does not even exist yet, Glassman check check and check. kek

They built their business off Chinese government subsidized steel when they should have bought US steel in the first place.

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This may be mor your style

infowars.com/

That'll learn em!

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Hmmmm

He wins by a historic landslide.

He ends the 70 year Korean war.

He moves the embassy to Jewsalem

That's what you get for supporting the ones who nailed Jesus to a cross…

need nudes now

fuck off faggot


So you're saying Trump loves Isreal and Jews? Can I quote you on that?

go sit in the corner. its big boy rules now

They made shit quality product with chinese raw materials and illegal mexican labor, literally nobody cares if they are gone.

the absolute state of MAGAtard damage control

Then buy non-imported steel. This place most likely is filled to the brim with illegal immigrant workers anyway, nothing of value will be lost.

Sure but nobody is going to pay attention to what I say. Im not a million dollar news outlet.

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Wow user, great idea, I'm sure you're willing to pay the extra cost for nails made of US steel, but just how many nails do you buy a year?

Translation:

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t. tidf

they were already doing remarkably poorly tbh. the tarriffs were just the final nail in the coffin

Also…
Bull fucking shit there aren't tons of other manufacturing jobs, you just have to move out of common product lines that any country can produce and move into shit that people (more specifically US companies) actually need.

I mean for fuck's sake. A coworker was telling me about how his previous job in manufacturing was putting screws/bolts/weld-spots on the fucking cages that they shove puppies into at animal shelters.

not when everyone is leaving to set up shop in mexico and china because of tarriffs

It never ceases to amaze me how blatant you faggots are at lying.

Luegenpresse-user is going to get Zig Forums deleted at this rate for constantly not posting real news.

Good.

Do you want your house to be built with shitty building materials to save 200 to 500 on a 200k to 300k house? Do you want to build someone something using shit building materials to max your profits?

If you do, kys.

Eat a dick if

That's pretty much the definition of capitalism.

Tbh its Trumps fault for not tarrifing Chinese products
If he had done that there would be no reason that they would be shutting down but as we all know he's a jew

You mean if there was more industry and demand for work driving wages up that I'd have to pay more for something and that increase not even mattering or really basically being a decrease because of higher wages
Hmmm

this is the same news source that days before drove the "muh children" narrative using a completely unrelated picture of a crying child, then doubled down when they were pointed to this fact by the fucking parents.

The wisdom of the Jewis

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So why don't the beaners wait back home for the jobs to come to them instead of illegaly crossing the border?

Yeah, the tariffs on raw materials is incredibly stupid, and only serves to poison the idea of tariffs and protectionism.

cause they know how fucked their wages are and actually try to do something about it instead of waiting to starve to death or get shot by a cartel that kidnaps family members and ransoms them back

obviously running with 1 false thing means donald trump never locked up kids or split them from their parents or lost track of 1500 that were split up :^)

It never ceases to amaze me how blatant you faggots are at projecting

probably uk they have their last names as occupation glass-man man who makes glass
No one cares you stupid random 12 yearold go back to 4chan

Drumpf the retard strikes again
Man I can't wait for 6 more years of mutt damage control as they plunge further into debt, more homeless, more opiate addicts, more death, disease and civil strife, maybe you dumbfucks can invade syria and die on masse for israel too, just do anything to kill yourselve degenerate selves off while the world laughs at you trying to spin it as "winning" and "maga"

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Tariffs are bullshit. I say free trade around the board and everyone buys from whoever can offer the lowest prices.

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I know what needs to get fixed

t. soyboy poorly disguised as NatSoc

You can't compete with extortionists. But that's something you already know, chink.

brainlet drumpflet

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lol

So theyre buying steel from china and complaining that local steel costs more??

typical (trump-supporting) idiot american. the same thing happened in early 2000s when Bush tried steel tariffs. the price of steel went up because the supply was less and all sorts of steel-related and dependent businesses went under and resulted in a couple-hundred thousand lost jobs in those industries. Trump was surely told this by a slew of economic advisers but he's an idiot, so here we are.
The LARGEST manufacturer of nails is impacted enough to have to lay off and/or leave the US thanks to trump fucking up the economy, because he wants to do whatever comes into his narcissistic little brain, no matter how bad all the evidence is against it. It's probably only a matter of time before all these billion-dollar losses he's causing leads to someone solving the problem with a $5,000 hitman.

That's cool bruh, but like, why don't they. Just. Buy. Local. Steel. bro?

do you know how expensive american steel is? that's why nobody fucking uses it and imports from china. if they had to use american steel they'd go bankrupt unless move to somewhere where worker laws are less stringent like say, mexico or china

Actually ~60% didn't vote, so 40% of the voting population.
One could argue the people voted for no president with those numbers.

Sh00 j00.
Buy local or gtfo.

you're still an idiot. because steel, ALL steel, has gone up in price! that's what happens when you impose tariffs. now it's not cost effective to bring in cheap steel, so there's less supply. local steel goes up in price. this is basic economics, something that trump was surely advised on, told about what happened with bush, who also imposed 25% tariffs on steel and then went ahead and did it anyway. idiots all around.

If American steel was too expensive America wouldn't have a steel industry. Yet it does. Why should I give a fuck about some Jews wanting to widen their profit margins through outsourcing and setting up shell companies in tax havens? They can afford American steel. Hell, they can probably contract American steel manufacturers to secure a supply line for cheaper than wholesale in bulk.

Rest in Shit. Should've invested in American prosperity rather than cheap immediate gains. You were bound to sink sooner or later the moment you sold out your own nations industry.

That would make sense assuming Americas domestic steel supply was even close to being strained. But its not

that's what happening. businesses are getting the fuck out contrary to what trump would like. who woulda thunk starting a trade war with tarriffs would discourage business!?

Whew! All these forever assblasted trannypol posters.
You lost. Keep supplying the salt. Losers.

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Getting raped to death by an asshole like China dumping excess product on a your market also discourages business.
Is nuance lost on you? oh noes muh gloablism, thats fucking your shitty country to death.

well maybe you should have kept the tarriffs on china instead of abandoning your allies so now nobody will buy your shitty products or sell you theirs

yeah let's just destroy our steel industry because china uses theirs as a jobs program and just dont worry when a war happens and all of a sudden we dont have a manufacturing base to create fucking metal

When your welfare cheque stops coming in the mail cletus you're going to realize how bigly you fucked up

this
dumbfuck trump basically handed china the next century on a silver platter, what a fucking joke you retards called him "god emperor" when he will be the slimy yid businessman who sells america permanently down the river

...

you just need bugman and you hit the magapede who's never going to see a real vagina trifecta

tell that to the largest nail manufacturer in the US, and the hundreds of thousands of people that will lose their jobs because you think there's so much supply.

this. when obama put tariffs, it was on china because they were an economic rival AND enemy with what they were doing and that move didn't have nearly the economic consequences that happened to the steel industry and related industries that Bush perpetrated when he put 25% tariffs on allies. TRUMP just wouldn't listen when they told him this was tried before, and resulted in disaster. bet you a million dollars he didn't want to just tariff china, like obama, quite simply because he didn't want to do it like obama. he'd rather fuck over his country by doing it "his" (Bush's) way than do the same thing obama did successfully.
trump put tariffs on allies in europe and Canada "for security reasons" as if Canadians haven't fought and died with americans in wars over the last few decades. TRUMP is both an asshole, and an idiot of the highest order.

agreed

These cucks can move to Mexico, then go bankrupt when the cartels show up for protection money, their workers start stealing from the office, they have to pay extra for shipping that are often late or sometimes plain missing, bribing customs officials, etc. Meanwhile, some red blooded American will start his own nail factory using US steel and blow them out of the water because he doesn't have to suck banker cock maintaining an inflated margin to prop up stock price.

I remember this '90s po fuck and his fucked up street teefs.

Does your impoverished country not have building codes and compliance or something?