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Whirlpool's Dirty Laundry
American Spectator ^ | 20 November 2017 | Andrew Wilford

Posted on 11/21/2017 3:32:42 PM PST by Eric Pode of Croydon

Despite Whirlpool’s 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 ...


TOPICS: Business/Economy; Crime/Corruption; Government; News/Current Events; US: Tennessee
KEYWORDS: corruption; cronyism; freetraitors; imports; manufacturing; tariffs; whirlpool
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1 posted on 11/21/2017 3:32:42 PM PST by Eric Pode of Croydon
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To: Eric Pode of Croydon

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.

500%

We need to work out a bit better trade package with the ROK - but 50% sounds very high.


2 posted on 11/21/2017 3:42:08 PM PST by TheTimeOfMan (A time for peace and a time for war)
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To: Eric Pode of Croydon

As stated in a MAD Magazine (fake) ad; My Majag’s a workin’ still....


3 posted on 11/21/2017 3:46:19 PM PST by Paladin2 (No spelchk nor wrong word auto substition on mobile dev. Please be intelligent and deal with it....)
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To: Eric Pode of Croydon

Does the genius who wrote this know that LG and Samsung products manufactured in the U.S. are not imports?


4 posted on 11/21/2017 3:48:34 PM PST by Wolfie
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To: Eric Pode of Croydon

If it wasn’t for the threat of tariffs maybe those plant wouldn’t be built here...


5 posted on 11/21/2017 3:52:36 PM PST by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat/RINO Party!)
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To: Eric Pode of Croydon

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.


6 posted on 11/21/2017 3:58:23 PM PST by Governor Dinwiddie (Why do the heathen rage, and the people imagine a vain thing?)
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To: Eric Pode of Croydon

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.


7 posted on 11/21/2017 4:14:51 PM PST by sparklite2 (-)
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To: TheTimeOfMan

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!

http://www.whirlpoolcorp.com/brands-we-love/


8 posted on 11/21/2017 4:25:53 PM PST by vette6387
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To: Eric Pode of Croydon

If memory serves Whirlpool builds their products in Mec-He-Co!


9 posted on 11/21/2017 4:26:30 PM PST by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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To: Eric Pode of Croydon

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.


10 posted on 11/21/2017 4:28:25 PM PST by Mariner (War Criminal #18)
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To: TheTimeOfMan
You may not have read the article.

Samsung is already in the process of building a washing machine factory in South Carolina, expected