A Missouri Company Secures Trade Exemption: 'Now, Let's Make Nails'
A Missouri nail maker has started to bring back workers now that it does not have to pay a 25% tariff on imported raw material from Mexico. Federal trade officials have granted an exemption on nearly all the foreign steel used by Mid Continent Steel & Wire in Poplar Bluff.
Company officials said it relies on the imports because U.S. producers can’t provide enough steel to meet its needs.
Advisor Jim Glassman said the company approached one of the largest steel companies in the U.S., Nucor, about providing the material and it would only meet roughly 10% of Mid Continent Steel & Wire requirements.
“We weren’t surprised at that,” he said, while adding, “They’ve got other things they want to produce.”
https://news.stlpublicradio.org/post/missouri-company-secures-trade-exemption-now-lets-make-nails
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