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Tommy Emmanuel and Mark Knopfler Team Up: "You Don't Want to Get You One of Those"

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jaunte1/23/2018 11:40:54 am PST

“…The move punishes Samsung, which recently began washer production in South Carolina, and LG, which is building a washer factory in Tennessee.

“This tariff is a tax on every consumer who wants to buy a washing machine. Everyone will pay more, with fewer choices,” Samsung said in a statement.

LG Electronics said that the decision will hinder the ramp-up and employment prospects of its new plant, which will not begin production until late 2018 or early 2019.

Trump ignored a recommendation from the ITC to exclude South Korean-produced washers from LG from the tariffs, as prior anti-dumping duties on these machines have been dropped. The decision could also hurt retailer Sears Holdings, whose Kenmore brand sources its larger washers from LG’s overseas factories.
https://www.reuters.com/article/us-usa-trade-tariffs/trump-slaps-steep-tariffs-on-washing-machines-solar-products-idUSKBN1FB30B