Skip to comments.Whirlpool's Dirty Laundry
Posted on 11/21/2017 3:32:42 PM PST by Eric Pode of Croydon
Despite Whirlpools arguments being the corporate equivalent of a child who wants dessert but not to clean his room, the ITC sided with Whirlpool and is now considering which remedies to impose. Whirlpool, for its part, suggests a prohibitively high 50 percent tariff on washing machine imports from LG and Samsung.
Implementing this tariff, even in a temporary manner, would harm opportunities for thousands of American workers. Samsung is already in the process of building a washing machine factory in South Carolina, expected to employ nearly 1,000 American workers. LG is constructing a factory in Clarksville, Tennessee, which would employ 600 workers, and has plans to develop in New Jersey and Michigan. The ITC is threatening these jobs in the name of protecting an anticompetitive business.
The economic harm would extend beyond the workers expected to be hired by LG and Samsung. Washing machines are a staple of nearly all American households, but they are not cheap. Restricting competition by forcing major players out of the U.S. market would drive washing machine prices up for individuals and families around the country.
(Excerpt) Read more at spectator.org ...
Anything manufactured in China and imported to the US should have the same tariff that China imposes on US goods - or even US branded goods made in China.
We need to work out a bit better trade package with the ROK - but 50% sounds very high.
As stated in a MAD Magazine (fake) ad; My Majag’s a workin’ still....
Does the genius who wrote this know that LG and Samsung products manufactured in the U.S. are not imports?
If it wasn’t for the threat of tariffs maybe those plant wouldn’t be built here...
Whirlpool also makes Roper, a made in America no-frills brand. My Roper washer and dryer work great, and are still priced better than any import.
I remember when GM led the fight against imported cars from Japan. They succeeded in getting import control/reduction.
Then the GM executives celebrated, gave themselves huge bonuses, and jacked up the prices on GM cars. I swore right then I’d never buy another GM product, and I have not.
LG and Samsung are South Korean companies, and they make superior products to those made by Whirlpool. Pick a us brand washing machine and you will find that most often it’s really a Whirlpool with another brand name on it. Whirlpool owns a huge chunk of the US washing machine market.
Take a look!
If memory serves Whirlpool builds their products in Mec-He-Co!
Did they, or did they not, compete unfairly?
Were they being subsidized by their home country or being sold at a loss?
These are fair questions.
Samsung is already in the process of building a washing machine factory in South Carolina, expected