Electrolux Threatens to Pull U.S. Investment Over Tariffs

Elexctrolux
Electrolux

All eyes are on the steel industry, as the Trump administration’s plans to enact tariffs have set off a firestorm of controversy. While many industrial stakeholders have voiced support for these changes – with the Alliance for American Manufacturing calling for months for “swift and decisive action” on steel, there are also many who don’t favor the suggested 25 percent hit on imported steel and 10 percent on aluminum.

One of those opponents has taken swift and decisive action of their own. Appliance manufacturer Electrolux, a global company headquartered in Sweden, announced Friday that a $250 million expansion they’d planned for a plant in Tennessee was being put on hold, and cited potential tariffs on metals as the reason.

Read More

Be the first to comment

Leave a Reply

Your email address will not be published.


*