LG washing machines to cost Americans more - guess who's to blame?

Washing machine cabinets move along a conveyor belt waiting to be assembled at a Whirlpool plant in Clyde

Washing machine cabinets move along a conveyor belt waiting to be assembled at a Whirlpool plant in Clyde

According to Eugene Investment, the 600,000 washing machines subject to a tariff of 20% are likely to incur a cost burden of US$48 million in total assuming that the tariff is equally borne by consumers and Samsung Electronics.

The decision was announced more than a week after Samsung's SC factory began its operations - a move that was rushed by the company in hopes of hampering the implementation of the new restrictions.

The expected price hike of LG washing machines made outside the USA will likely be no more than $50, as most of the tariff will be borne by the manufacturers and not the consumers.

Still, the move is being lauded by US -based appliance manufacturer Whirlpool, which has long lobbied for more protective measures against its Asian rivals.

Monday's decision, largely in line with what the MI appliance maker sought, followed findings by the U.S. International Trade Commission that the imported washers "are a substantial cause of serious injury to domestic manufacturers", Mr. Lighthizer said in a statement.

"This is a victory for American workers and consumers alike", Whirlpool Chairman Jeff Fettig said in a press release Monday. The home appliance behemoth said on Monday that it will add 200 full-time jobs at a factory in Clyde, Ohio.

Trump's medical sparks online 'girther' movement
In general, patients with good or average memory forget one of the five words and can still be within the normal range, said Dr. James Mastrianni, an expert in memory disorders and other neurodegenerative conditions at the University of Chicago Medicine.

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Trump did not take into consideration a recommendation the ITC gave to exclude washing machines produced in South Korea by LG from the new tariffs, as anti-dumping duties placed prior on the machines were dropped.

Samsung and LG have objected to rulings by the International Trade Commission and the US trade representative. But by the time penalties were levied, both had moved production to China.

The South Korean home appliance maker, later reporting quarterly earnings, also warned that USA protectionism would strengthen in 2018.

In a statement, LG had called the import tariff's a "misguided decision". The tariff rates are then expected to decline in the third year to 16 percent and 40 percent, respectively.

The tax starts at 20% for the first 1.2 million washers imported this year. Whirlpool sought protection under a US "safeguard" law that allows tariffs to be imposed regardless of their country of origin.

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