neukm - 6/27/2018 08:33

http://money.cnn.com/2018/06/26/news/companies/steel-tariffs-job-lo...

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.

About 21,000 US companies have filed for tariff exclusions.