Tariffs. Ain’t they great?
According to President BrokeBrain, taxation is the building block of the nation.
No. Just… no.
The nation was built on a people who revolted against taxation. The history of tariffs in this nation is largely a tale of ruinous fiscal policy.
Today, the Chicago Tribune is reporting on a storage safe company, Stack-On, that has been a mainstay in the Chicago area for 4 decades. Trump’s tariffs on Chinese steel, however, are now forcing the company to makes some unfortunate decisions for two of their manufacturing companies in the area.
Stack-On Products plans to lay off 128 people at its facility in north suburban Wauconda and 25 people at its McHenry plant when it closes both facilities Oct. 12, said Al Fletcher, human resources director for Alpha Guardian, the Las Vegas-based parent company.
“The operation is really not profitable,” Fletcher said. He said the decision to relocate operations to Juarez, Mexico, was made about two months ago when President Donald Trump announced tariffs on numerous goods and materials from China as well as other countries, to reduce what the president has called an unfair trade deficit.
“Mr. Trump is part of this,” Fletcher said. So far, the United States has imposed tariffs on $34 billion of Chinese technology goods and $3 billion of Chinese steel and aluminum, and has proposed another $16 billion.
These were the only Stack-On manufacturers in the United States, making everything from gun cabinets to tool boxes. They already have mills in China and Mexico.
The layoffs affect manufacturing jobs, warehouse jobs and some office staff, and those employees will be given the option to relocate to El Paso, Texas, just over the border from the Juarez plant, he said.
I know for some, 153 jobs lost doesn’t sound like a big deal, but for those 153 people it is a very big deal, and that’s what matters.
Those jobs are among the 885 job cuts that were announced in July for Illinois, with the bulk being in manufacturing, but other areas including banking and medical services.