Record #:

43729

Author(s):

Nick Gallagher

Abstract:

The author is discussing how the president of Nirosteel LLC based in Charlotte was going to be able to run his company with the new tariffs on steel that the Trump Administration created. This fear is shared by other companies around NC because the Trump Administration created a blanket tax of 25% on both steel and aluminum. The chairman of North Carolina District Export Council, Wayne Cooper, stated that companies should worry about the steel and aluminum tax because the cost will increase one it funnels through the local markets. Many companies are worrying if they will be able to keep their companies afloat with the new tax.

Source:

Indy Week (NoCar Oversize AP 2 .I57), Vol. 35 Issue 11, March 2018, p8

Subject(s):

Taxation--Businesses; Trump, Donald, 1946-; Business; Business tax