US Nail Maker Hammered by Tariffs to Pull Out for Mexico?
Wednesday, 27 June 2018

A U.S. nail maker, the country’s biggest, in the red state of Missouri, said it was being hammered by new tariffs and could pull out for Mexico by Labor Day, the HuffPost reported.

Mid-Continent Nail Corp. in Poplar Bluff this week said it had recently let go 60 people from its staff of 500 after a 25 percent tariff on steel imports from Mexico and Canada forced it to raise its prices.

The company said sales have dropped 50 percent in the past two weeks as it attempted to adjust to the new steel costs, the HuffPost said.

https://www.newsmax.com/thewire/nail-maker-tariffs/2018/06/27/id/868616/