A Chicago-area manufacturer is laying off 153 workers and moving to Mexico partly because of Trump's tariffs
Chip Somodevilla/Getty Images
- Stack-On Products, a storage manufacturing company, will lay off 153 workers at its Chicago-area plants and move those jobs to Mexico.
- Stack-On said that the move is in part due to President Donald Trump's tariffs on steel, aluminum, and some Chinese products.
- The tariffs are driving up the cost of parts used in US products, leading to layoffs and job relocations.
President Donald Trump's tariffs are forcing another manufacturer to lay off American workers as the fall out from the president's trade fights continues to grow.
Stack-On Products, a manufacturer of storage products like gun safes and metal cabinets, will lay off 153 workers in their Chicago-area plants and move those operations to its plant in Mexico, according to the Chicago Tribune. The company's two Illinois plants will close on October 12.See the rest of the story at Business Insider
NOW WATCH: Meet the woman behind Trump's $20 million merch empire
See Also:
- The US restaurant industry could be the big winner of Trump's trade war
- A new study shows Trump's trade war probably won't achieve one of its biggest goals
- The CEO of an American boat manufacturer perfectly laid out how Trump's tariffs are crushing US businesses
SEE ALSO: The US restaurant industry could be the big winner of Trump's trade war