Donald Trump claims that his tariffs will fix the economy, but so far people are losing jobs due to companies shutting down. On Tuesday, Element Electronics, a consumer electronics company in South Carolina, announced that it will be closing its plant in Winnsboro due to Trump’s tariffs.
According to The State, Element Electronics was one of the largest remaining employers in Fairfield County after the local Walmart, which used to be the largest grocery store in the county, closed its doors two years ago.
“When you think you’ve reached rock bottom, to get kicked in the gut like this, you didn’t think anything more could happen,” state Sen. Mike Fanning (D) said of Element’s announcement to the local paper. “Within 365 days, you just get rocked to your core.”
Element said “the layoff and closure is a result of the new tariffs that were recently and unexpectedly imposed on many goods imported from China, including the key television components used in our assembly operations in Winnsboro,” in a letter to the state’s Department of Employment and Workforce obtained by the local paper.
According to the report, the company plans to start laying off workers in October, which will reportedly cost the county 126 jobs.