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DonViejo

(60,536 posts) Fri Jun 22, 2018, 04:15 PM Jun 2018

Southeast Missouri nail company gets hammered by Trump's tariffs

Southeast Missouri nail company gets hammered by Trump’s tariffs

JUNE 22, 2018 BY ALISA NELSON

President Trump’s tariff on steel imports that took effect June 1 has caused a southeast Missouri nail manufacturer to lose about 50% of its business in two weeks. Mid Continent Nail Corporation in Poplar Bluff – the remaining major nail producer in the country – has had to take drastic measures to make ends meet. The company employing 500 people earlier this month has laid off 60 temporary workers. It could slash 200 more jobs by the end of July and be out of business around Labor Day.

During a Finance Committee hearing this week on Capitol Hill, U.S. Senator Claire McCaskill, D-Missouri, sounded the alarm about the company going downhill and fast.

Mid Continent is one of the largest employers in Butler County and the second largest manufacturer in Poplar Bluff. If push comes to shove, slicing the remaining 440 jobs that pay an average of $12.50 an hour would add to the Bootheel’s struggling reputation marked by several of the poorest counties in the state.

Mid Continent is owned by Mexico-based Deacero. The parent company produces steel and ships the raw material to its Poplar Bluff plant. Spokesperson Elizabeth Heaton tells Missourinet Deacero is being hit with the 25% tariff for importing steel to its own company.

more
https://www.missourinet.com/2018/06/22/southeast-missouri-nail-company-gets-hammered-by-trumps-tariffs/

18 replies

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Highlight:

Southeast Missouri nail company gets hammered by Trump's tariffs (Original Post) DonViejo Jun 2018 OP

I'm glad to see our domestic pun industry is doing fine, though DBoon Jun 2018 #1

... Kittycow Jun 2018 #7

Ouch! Looks like Trump Country is screwed. lagomorph777 Jun 2018 #8

Exemptions to the tariffs were mentioned in another article. Kittycow Jun 2018 #10

And Wilbur Ross is too busy laundering Russian money to look into it. lagomorph777 Jun 2018 #11

I would guess 70% of those 500 Missouri employees are Trumpster voters. mnhtnbb Jun 2018 #2

More than likely a higher percentage...in outstate MO, rump supporters are ... SWBTATTReg Jun 2018 #5

You are correct. Just looked it up: 79% of Butler County voted for Trumpster Nov 2016. mnhtnbb Jun 2018 #9

They got what they voted for, they just had no clue. CakeGrrl Jun 2018 #13

They still will figure out a way to blame democrats. Blue_true Jun 2018 #15

And they are working for Mexicans RainCaster Jun 2018 #12

Rich, isn't it? nt Blue_true Jun 2018 #16

Nice headline Alisa underpants Jun 2018 #3

Trickle down Trump Corruption is at work here! riversedge Jun 2018 #4

Don't be expecting to get any food stamps, ya bums! Kittycow Jun 2018 #6

The failure of the Mexican-owned Nail Company, provides opportunity for the other 14 US firms. TheBlackAdder Jun 2018 #14

Melania will say let us eat cake. Blue_true Jun 2018 #17

Just like stupid Trump loving soybean farmers. roamer65 Jun 2018 #18

DBoon

(22,367 posts)

1. I'm glad to see our domestic pun industry is doing fine, though

Reply to DonViejo (Original post)

Fri Jun 22, 2018, 04:25 PM

Jun 2018

Kittycow

(2,396 posts)

7. ...

Reply to DBoon (Reply #1)

Fri Jun 22, 2018, 04:41 PM

Jun 2018

lagomorph777

(30,613 posts)

8. Ouch! Looks like Trump Country is screwed.

Reply to DBoon (Reply #1)

Fri Jun 22, 2018, 04:42 PM

Jun 2018

Kittycow

(2,396 posts)

10. Exemptions to the tariffs were mentioned in another article.

Reply to lagomorph777 (Reply #8)

Fri Jun 22, 2018, 05:01 PM

Jun 2018

There's been more than 20,000 product exemption requests.

Ninety-eight have been processed. Forty-two have been granted and fifty-six have been denied.

Slow going for sure but I bet the US Commerce Dept is understaffed thanks to trump's policies.

lagomorph777

(30,613 posts)

11. And Wilbur Ross is too busy laundering Russian money to look into it.

Reply to Kittycow (Reply #10)

Fri Jun 22, 2018, 05:02 PM

Jun 2018

mnhtnbb

(31,392 posts)

2. I would guess 70% of those 500 Missouri employees are Trumpster voters.

Reply to DonViejo (Original post)

Fri Jun 22, 2018, 04:27 PM

Jun 2018

SWBTATTReg

(22,133 posts)

5. More than likely a higher percentage...in outstate MO, rump supporters are ...

Reply to mnhtnbb (Reply #2)

Fri Jun 22, 2018, 04:34 PM

Jun 2018

rabid in the tooth too, like other areas in this country. At least, these guys are shooting themselves in the foot. Wonder how long it'll take them to realize this?

mnhtnbb

(31,392 posts)

9. You are correct. Just looked it up: 79% of Butler County voted for Trumpster Nov 2016.

Reply to SWBTATTReg (Reply #5)

Fri Jun 22, 2018, 04:42 PM

Jun 2018

http://enrarchives.sos.mo.gov/enrnet/CountyResults.aspx

I initially was going to guess 80% since I lived in Missouri for 6 years--in St. Joseph--and one of the few newspapers in the country--the News Press Gazette in St. Joseph--endorsed the orange one prior to the election.

CakeGrrl

(10,611 posts)

13. They got what they voted for, they just had no clue.

Reply to mnhtnbb (Reply #9)

Fri Jun 22, 2018, 05:32 PM

Jun 2018

Put a crooked, narrow-thinking con man in the White House because of his rich businessman facade, and this is what happens.

They probably weren't going to learn the lesson any other way.

Blue_true

(31,261 posts)

15. They still will figure out a way to blame democrats.

Reply to CakeGrrl (Reply #13)

Fri Jun 22, 2018, 06:36 PM

Jun 2018

If they didn't have families and kids, I would be ok with them losing their jobs. I hope McCaskill can save their jobs and that they get wise and vote to keep her in office.

RainCaster

(10,884 posts)

12. And they are working for Mexicans

Reply to mnhtnbb (Reply #2)

Fri Jun 22, 2018, 05:27 PM

Jun 2018

Did you notice that?

Blue_true

(31,261 posts)

16. Rich, isn't it? nt

Reply to RainCaster (Reply #12)

Fri Jun 22, 2018, 06:37 PM

Jun 2018

underpants

(182,829 posts)

3. Nice headline Alisa

Reply to DonViejo (Original post)

Fri Jun 22, 2018, 04:29 PM

Jun 2018

riversedge

(70,242 posts)

4. Trickle down Trump Corruption is at work here!

Reply to DonViejo (Original post)

Fri Jun 22, 2018, 04:32 PM

Jun 2018

.......Heaton says the company is currently focused on trying to keep the Missouri plant open and does not believe there have been discussions on whether to move the Poplar Bluff operation to Mexico.

Kittycow

(2,396 posts)

6. Don't be expecting to get any food stamps, ya bums!

Reply to DonViejo (Original post)

Fri Jun 22, 2018, 04:40 PM

Jun 2018

Well, that's how trump sees the laid off workers, anyway. Hit the fields, ya lazy sods!

TheBlackAdder

(28,208 posts)

14. The failure of the Mexican-owned Nail Company, provides opportunity for the other 14 US firms.

Reply to DonViejo (Original post)

Fri Jun 22, 2018, 05:57 PM

Jun 2018

.

While it sucks to see these people hurt, the irony of a Mexican-owned nail manufacturer in Red America is something.

This movie scene from "High Plains Drifter" comes to mind. . .

Now, 60% of the US bread companies will fail if Trump decides to go after Gruppo Bimbo too!

.

Blue_true

(31,261 posts)

17. Melania will say let us eat cake.

Reply to TheBlackAdder (Reply #14)

Fri Jun 22, 2018, 06:42 PM

Jun 2018

Fortunately, I no longer buy regular commercial bread. I buy from a health food store, less preservatives and no corn sweetener. Plus, the bread is delish.

roamer65

(36,745 posts)

18. Just like stupid Trump loving soybean farmers.

Reply to DonViejo (Original post)

Fri Jun 22, 2018, 08:04 PM

Jun 2018

I

DON’T

CARE.

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