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Fri Apr 5, 2019, 01:17 PM

A Missouri Company Secures Trade Exemption: 'Now, Let's Make Nails'

A Missouri nail maker has started to bring back workers now that it does not have to pay a 25% tariff on imported raw material from Mexico. Federal trade officials have granted an exemption on nearly all the foreign steel used by Mid Continent Steel & Wire in Poplar Bluff.

Company officials said it relies on the imports because U.S. producers can’t provide enough steel to meet its needs.

Advisor Jim Glassman said the company approached one of the largest steel companies in the U.S., Nucor, about providing the material and it would only meet roughly 10% of Mid Continent Steel & Wire requirements.

“We weren’t surprised at that,” he said, while adding, “They’ve got other things they want to produce.”

https://news.stlpublicradio.org/post/missouri-company-secures-trade-exemption-now-lets-make-nails

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Reply A Missouri Company Secures Trade Exemption: 'Now, Let's Make Nails' (Original post)
Sherman A1 Apr 2019 OP
Girard442 Apr 2019 #1
keithbvadu2 Apr 2019 #2

Response to Sherman A1 (Original post)

Fri Apr 5, 2019, 01:25 PM

1. Isn't it a lib'rul myth that trade produces jobs?

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Response to Sherman A1 (Original post)

Fri Apr 5, 2019, 08:19 PM

2. Billions in new, job-killing taxes thanks to Trump. A tariff is a tax.

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