Mid Continent Nail Corporation in southeast Missouri’s Poplar Bluff has laid off about 160 workers since President Trump’s tariffs on steel and aluminum imports began on June 1. The company now employs fewer than 340 workers, down from about 500 before the tariffs took effect. Temporary workers have been let go and some permanent workers have left for other jobs and have not been replaced.
“Our company is in trouble, but a solution exists,” Mid Continent’s Executive Vice President for Sales George Skarich says in a press release. “When President Trump announced that he would impose Section 232 tariffs, he recognized the need for certain exclusions and put a process in place that would minimize undue impact on downstream American industries like ours.”
The company says soaring costs from 25% tariffs on steel have raised the price of the raw materials Mid Continent uses to produce nails. The increased prices have led customers to cancel orders and find cheaper nails in China, Taiwan, India and elsewhere.
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