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Goodyear Shuts Fayetteville Plant, Citing Tariffs, Iran Conflict

5/16/2026

50 9 Full Breakdown

Summary

Story summary

Goodyear will close its Fayetteville, North Carolina plant, affecting over 1,700 workers.
President Donald Trump’s tariffs and the Iran conflict are cited as key reasons for the closure.
The company reported a $249 million first-quarter loss, reversing a $115 million profit from a year earlier.
CFO Christina Zamarro said inflation and tariffs could create $420 million of headwinds for the year despite a $46 million Supreme Court refund.

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Story summary

Goodyear will close its Fayetteville, North Carolina plant, affecting over 1,700 workers.
President Donald Trump’s tariffs and the Iran conflict are cited as key reasons for the closure.
The company reported a $249 million first-quarter loss, reversing a $115 million profit from a year earlier.
CFO Christina Zamarro said inflation and tariffs could create $420 million of headwinds for the year despite a $46 million Supreme Court refund.