Newsnewstrumptariffsmagawinning

Tue Aug 7, 2018, 04:01 PM

South Carolina manufacturer says it's closing plant over Trump tariffs

Element Electronics, a consumer electronics company in South Carolina, says it will be closing its plant in Winnsboro due to tariffs imposed by President Trump.

The State reported Tuesday that the company was one of the largest remaining employers in Fairfield County after the local Walmart, which used to be the largest grocery store in the county, closed its doors two years ago.

The news also comes after plans were canceled to build two nuclear reactors in the area, terminating 5,000 construction jobs.
“When you think you’ve reached rock bottom, to get kicked in the gut like this, you didn’t think anything more could happen,” state Sen. Mike Fanning (D) said of Element's announcement to the local paper. “Within 365 days, you just get rocked to your core.”

Element said “the layoff and closure is a result of the new tariffs that were recently and unexpectedly imposed on many goods imported from China, including the key television components used in our assembly operations in Winnsboro,” in a letter to the state’s Department of Employment and Workforce obtained by the local paper.
http://thehill.com/policy/finance/400761-south-carolina-manufacturer-says-its-closing-plant-over-trump-tariffs

17 replies, 399 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread

Response to LavenderGirl (Original post)

Tue Aug 7, 2018, 04:08 PM

1. never trust lefty. lefty lies, he lies all the time.

Reply to this post

Back to top Alert abuse Link here Permalink



Response to LavenderGirl (Reply #2)

Tue Aug 7, 2018, 04:43 PM

5. lefty business owner leveraging his own failure for political leverage.

lefty lies. he lies ALL the time

Reply to this post

Back to top Alert abuse Link here Permalink


Response to LavenderGirl (Original post)

Tue Aug 7, 2018, 04:37 PM

3. more from faux news

Reply to this post

Back to top Alert abuse Link here Permalink


Response to rahtruelies (Reply #3)

Tue Aug 7, 2018, 04:41 PM

4. So you claim that South Carolina news is falsely reporting

the closing of the Element Electronics plant?

Or is this your cut and paste reply to any news story that you don't like?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to LavenderGirl (Reply #4)

Tue Aug 7, 2018, 05:07 PM

6. Better than the one that one used to use I suppose.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to rahtruelies (Reply #3)

Fri Dec 7, 2018, 09:30 AM

15. More Junk Food Posting

Reply to this post

Back to top Alert abuse Link here Permalink


Response to LavenderGirl (Original post)

Tue Aug 7, 2018, 05:39 PM

7. Looks like the last person out of Fairfield County SC should turn off the lights.

Never was much there to begin with. And when Walmart closes, you've gotta know that you are in trouble. This is Winnsboro, the county seat and largest city.

https://en.wikipedia.org/wiki/Winnsboro,_South_Carolina




Reply to this post

Back to top Alert abuse Link here Permalink


Response to D26-15 (Reply #7)

Wed Aug 8, 2018, 01:12 PM

10. Yes, Element Electronics was one of the largest remaining employers in Fairfield County

There go another 126 jobs.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to LavenderGirl (Original post)

Tue Aug 7, 2018, 06:21 PM

8. Always more to the story.

Element Electronics is being less than truthful. They never wanted to locate in Fairfield County to begin with. They wanted to locate their new plant in Sumter County. What happened? They were paid off to locate their plant in Fairfield County by none other than the office of the governor, Nikki Haley. Before you start, I am not a fan of crony capitalism no matter who is engaging in it.

Element Electronics is a somewhat shady outfit with a suspect personality as CEO. The CEO of the organization has been implicated in the operation of a Ponzi scheme before. On an investment of $7.5 million or so to build the factory, the company got kickbacks of nearly $14.8 million.

In other words, the company made their money on the deal. They may come back for another bite at the apple, though. It's probably dishonest of them to blame Trump. The problem is crony capitalism in general, not Trump attempting to rebalance trade deals.

https://www.fitsnews.com/2018/08/07/element-electronics-crony-capitalist-fail/

Reply to this post

Back to top Alert abuse Link here Permalink


Response to smoke check (Reply #8)

Tue Aug 7, 2018, 06:30 PM

9. Add to that... Element TV's are manufactured in China and only the motherboards

Reply to this post

Back to top Alert abuse Link here Permalink


Response to LavenderGirl (Original post)

Thu Dec 6, 2018, 11:58 PM

11. "Tariff Man"

Reply to this post

Back to top Alert abuse Link here Permalink


Response to LavenderGirl (Reply #11)

Fri Dec 7, 2018, 07:01 AM

12. So after all the facts are presented above about Element and their CEO's shady past

All you have is your childish and hateful response of "Tariff Man"?

You never let the truth get in the way of your blind hate.. do you?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to LavenderGirl (Original post)

Fri Dec 7, 2018, 07:10 AM

13. China is starting to back down on their predatory tariffs

Little early to start making rash statements.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to LavenderGirl (Original post)


Response to LavenderGirl (Original post)

Fri Dec 7, 2018, 07:40 PM

16. So much winning.

Donnie runs the country as well as he ran his businesses.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Salaam (Reply #16)

Sun Dec 9, 2018, 06:28 PM

17. Tariff Man, The super hero of the right who turned out to actually be a corpulent villain

Reply to this post

Back to top Alert abuse Link here Permalink

Newsnewstrumptariffsmagawinning