America's trade war with China is once again poised to switch off the natio...
NEW YORK - America’s trade war with China is once again poised to switch off the nation’s last television factory.
The televisions at the plant are assembled entirely with Chinese components. Element applies the finishing touches in South Carolina, such as the insertion of printed circuit boards. It also tests the sets. Even most of the boxes and other packaging come from China. The labels state: “Assembled in the USA,” not “Made in the USA,” although the difference is lost on most consumers.
The company announced it would have to shut down because of the added cost of tariffs, and notified its workers they were being laid off. China is only part of Element’s trade problem. The company has also struggled to compete with television importers from Mexico because of tariff rules. Paul Gagnon, an expert on the industry’s supply chain at research firm IHS Markit, said the business has tiny margins, so manufacturers are constantly hunting for the lowest cost locations to do final assembly.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bill Cosby's Legal Rerun: Appeals Court to Reconsider 8 Key Decisions in Criminal CaseThe comedian is asking a Pennsylvania appeals court to reconsider a series of rulings that led up to his April 2018 conviction for aggravated indecent assault.
Read more »
UFC 227 Or 183 Or Some Fucking Thing Happened Last WeekendLAS VEGAS—In what was apparently the biggest event of their season, sources confirmed Tuesday that some fucking UFC 225 or 134 thing reportedly happened last weekend.
Read more »
'Joytime' Live: Inside Last Night's Marshmello Fan Experience PartyMarshmello revealed a new documentary and his forthcoming album 'Joytime III' at a party last night in Los Angeles.
Read more »
5th police officer fatally shot in last 8 days across USA sheriff's deputy was shot and killed in Illinois on Tuesday evening -- the fifth law enforcement officer shot and killed in just eight days across the country.
Read more »
Carly Waddell and Evan Bass on Why Baby on the Way Will Be Their LastExclusive: BachelorInParadise’s Carly Waddell and Evan Bass are ready to complete their family. 🍼
Read more »
Love Island fans all complained about the same thing in the last episodeLove Island fans took to Twitter to discuss THIS in Tuesday night's episode
Read more »