Nail maker feeling the pinch from steel tariffs

It's the largest nail manufacturer in the United States, and unless it gets a reprieve from the Trump administration's 25 percent tariff on steel imports, company executives say it will go out of business or move to Mexico.

Mid Continent Nail Corp in Poplar Bluffs, Missouri, laid off 60 of its 500 workers on June 15, and the company plans to cut 200 more by the end of July because of the tariff.

On March 1, US President Donald Trump announced he would impose tariffs of 25 percent on imported steel and 10 percent on imported aluminum to save US jobs, effective June 1.