Trump's tariffs backfire, force US factory to shutdown
Trump's tariffs backfire, force US factory to shutdown
ECONOMY

Trump's tariffs backfire, force US factory to shutdown

Haber Merkezi 10:48 August 10, 2018 Reuters, Yeni Şafak

U.S. President Donald Trump's tariff policy has forced a consumer-electronics manufacturing factory in South Carolina to shut down. Element Electronics, a company aiming to bring the world's best technology home to Winnsboro in South Carolina, can't afford to assemble TVs at this site because Trump's tariffs have made imported Chinese components too expensive. It planned to close, laying off 126 employees and maintaining just a skeleton staff.

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