IKEA to Close Its Only U.S. Factory

Charlie McGeeFurniture company .

The company’s Danville, Va., facility will be closing in December, resulting in about 300 job cuts. The plant, which opened in 2008, produces wooden shelves and storage units sold in IKEA stores in the U.S. and Canada.

So will they not have to pay any tariff costs to ship raw materials?

I wonder if donaldtrump will retaliate on the effect of his own tariffs err tax and place another one on Sweden? jimcramer

Who buys Swedish shit anyhow!

USD as a global reserve currency is detrimental to price competitiveness.

All realDonaldTrump tarrifs did was have Chinese companies move to other cheap labor countries or send products to be made in these other countries, like Vietnam, bailout for farmers, twice, and no trade deals finished...

Difficult to believe...!

Gee, just another manufacturer killed off by realDonaldTrump and his tariffs. This will make prices even higher for customers. It’s just the vicious circle that destroys American manufacturing. Nothing will be made in America anymore because the cost to do so is too high.

There is no greater pain than that of regret.Always remember that you can't go back and change the past.

IGettigan This winning is soo tiring.

What a shame! But with the costs of IKEA has taken on from producing their product in the US after retaliatory tariff's as a result of realDonaldTrump's tariff's on their products made here to the bulk of their customers this isn't all that surprising! Attn: WhiteHouse

They have immigration rape issues back home to sort out

Trump has killed more businesses than any other president.

You know your economy is uncompetitive when your companies outsource their production to EUROPE of all places.

300 jobs that was part of their overall restructuring. Probably because they can use all those migrants for cheap labor now. And Dems want to raise the minimum wage?🤦🏻‍♀️

With an American leadership which has gone bat-shit-crazy, soon all businesses leave. Europe offers stable leadership with a long game, just like China.

Time for tariffs! POTUS

No kidding, cheaper than tariffs too, which you left out WSJ. Shame on you too.

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