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Home / Business / Louisiana governor hammers Trump over tariff after a steelmaker in his state goes bankrupt – Raw Story

Louisiana governor hammers Trump over tariff after a steelmaker in his state goes bankrupt – Raw Story



Democratic Louisiana Gov. John Bel Edwards hammered President Donald Trump on Tuesday after a steelmaker in his state filed for bankruptcy.

Bloomberg reports that hundreds of jobs are at risk after Bayou Steel Group filed for bankruptcy earlier this week. The bankruptcy filing has coincided with the closure of a plant that employs about 400 workers near New Orleans.

The company cited a "severe lack of liquidity" as its reason for bankruptcy, but Prime Minister Edwards was quick to point his finger at Trump's trade war with China, which has slammed US agricultural and manufacturing industries applicable customs duties.

"Louisiana is among the most dependent states on customs metals, which is why we continue to be hopeful for a quick resolution to uncertainty about the future of the tariff," he said. "In the meantime, we will do everything to help the displaced."

In addition to the plant near New Orleans, Bayou Steel also plans to close a facility in Harriman, Tennessee.

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