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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump tariffs have forced us into bankruptcy and liquidation, says PC case maker CaseLabs
'Our user community has been very devoted to us and its awful to think that we have let any of you down'Chiara Giordano 40 minutes ago
A high-end PC case maker says it has been forced into bankruptcy and liquidation by tariffs introduced by Donald Trump.
CaseLabs, which makes custom towers for computers and has a high-profile following, including prominent YouTubers such as LinusTechTips, announced it would be permanently closing on Saturday.
The company, based in California, said tariffs had raised costs by almost 80 per cent and that the default of a large account had added to the issue.
We are very sad to announce that CaseLabs and its parent company will be closing permanently, 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 per cent (partly due to associated shortages), which cut deeply into our margins.
CaseLabs, which makes custom towers for computers and has a high-profile following, including prominent YouTubers such as LinusTechTips, announced it would be permanently closing on Saturday.
The company, based in California, said tariffs had raised costs by almost 80 per cent and that the default of a large account had added to the issue.
We are very sad to announce that CaseLabs and its parent company will be closing permanently, 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 per cent (partly due to associated shortages), which cut deeply into our margins.
https://www.independent.co.uk/news/world/americas/pc-case-maker-caselabs-latest-news-bankrupt-liquidated-us-tariffs-a8487416.html
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Trump tariffs have forced us into bankruptcy and liquidation, says PC case maker CaseLabs (Original Post)
workinclasszero
Aug 2018
OP
dalton99a
(81,527 posts)1. More manufacturing losses to follow
Everything Trump touches turns to shit
democratisphere
(17,235 posts)2. F' MAGA!
Recursion
(56,582 posts)3. Aww, man. They made some great chassis
That's a damn shame.
smirkymonkey
(63,221 posts)4. So much winning!
Worst president ever.
packman
(16,296 posts)5. And so it begins - The Domino Effect
They-CaseLabs- go bankrupt because the default of a large account. Look into that "large account" and I will bet that someone defaulted on them, which may have had another default along the line, etc., etc.
Expect this more in the coming months - bad news
Iterate
(3,020 posts)6. I hope they can pause, rethink, and move to Canada, Mexico, or the EU
Their products are high quality, modular, and expensive. But it's the kind of 'buy it once and reuse it forever' design that will still be valued long after we're all tired of pissing on Trump's soggy grave.
bdtrppr6
(796 posts)7. i will never get tired
of pissing on his grave
AJT
(5,240 posts)8. It's a California company......45 is probably pleased that they shut down.
workinclasszero
(28,270 posts)9. Oh I bet Shit 45 loved this shutdown!