Tariffs Blamed for Bankruptcy of Steel Plant

Louisiana Governor John Bel Edwards (D) blamed tariffs for the bankruptcy of Bayou Steel in his state, Bloomberg reports.

Said Edwards: “Louisiana is among the most dependent states on tariffed metals, which is why we continue to be hopeful for a speedy resolution to the uncertainty of the future of tariffs.”

Related from CNBC: “A gauge of U.S. manufacturing showed the lowest reading in more than 10 years in September as exports dived amid the escalated trade war.”