Trump’s Trade War Claims Another Victim
There are no factories in the US that make televisions any more. There is one factory, Element Electronics, that assembles mass market televisions from imported Chinese parts, but that will come to a grinding halt in October. The company simply cannot survive in Trump’s trade war where their made in China parts are now being heavily taxed. During the campaign he complained that “we don’t make televisions in the US anymore”; well, now we don’t even assemble them in the US. Once closed down, it is very difficult for a company to come back on line.
All of this winning is sure doing a lot of damage.