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Gunmaker Remington is filing for bankruptcy. Analysts say Trump is to blame.

Trending story found on theweek.com
Gunmaker Remington is filing for bankruptcy. Analysts say Trump is to blame.
Remington Outdoor Co. is filing for Chapter 11 bankruptcy protection, the company announced Monday, offering a restructuring plan that will allow the gunmaker to shed $700 million worth of debt. The company traces its roots back to 1816, when Eliphalet Remington II created his first flintlock rifle, and it sold its first rifles to the U.S. military in 1845, but a year under President Trump was apparently too much. Gun sales have slumped with Trump in the White House, not because Trump opposes gun rights but because he champions them. Remington's fortunes took a hit when "Hillary Clinton's defeat erased...
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