Plans to build a $300M plastics recycling plant in Erie, Pennsylvania, have been canceled as sweeping new tariffs push up prices for materials and imported machinery, clouding a yearslong push to boost U.S. manufacturing.
International Recycling Group said Thursday it would cancel a factory in the works for four years, partially blaming tariffs that would bring “expectations of substantially higher project development costs than anticipated,” according to CEO Mitch Hecht.