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14th August 2018, 05:25 | #1 |
[M] Reviewer Join Date: May 2010 Location: Romania
Posts: 148,618
| Trump’s trade war killed CaseLabs Making America grate again CaseLabs, which is a US based PC case manufacturer which makes the Magnum SMA8 is "closing permanently" thanks to Donald (Prince of Orange) Trump’s trade war. CaseLabs said in a statement: "We have been forced into bankruptcy and liquidation. The tariffs have played a major role raising prices by almost 80 percent, which cut deeply into our margins. The default of a large account added greatly to the problem... We reached out for a possible deal that would allow us to continue on and persevere through these difficult times, but in the end, it didn’t happen." The outfit is one of many companies being hit by Trump’s tariffs on Chinese imports. China and the US are currently engaged in a trade war, causing many US companies to lose money, lay off employees, or close entirely. CaseLabs went on to say that it won't be able to fill the backlog of case orders, but other parts will most likely ship to customers. "We are so incredibly sorry this is happening. Our user community has been very devoted to us and it’s awful to think that we have let any of you down." https://fudzilla.com/news/46945-trum...illed-caselabs |
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