Cue the sad trombone: Hedge fund billionaire John Paulson -- a major Trump donor and advocate of tariffs -- is shuttering his Ohio brass instrument plant and offshoring work to China, according to a new report.
This is a moral failure, not a financial failure. Instead of bargaining over fair pay, Conn-Selmer decided to ship its Ohio operations to China. Hundreds of union jobs are on the chopping block so billionaires can reap more profits. UAW members are gearing up for a big fight to keep these jobs.