Basing itself on its quarterly earnings, which beat estimates based on strong demand for its home appliances from people stuck at home due to the coronavirus-induced COVID-19 pandemic, Whirlpool Corp has forecast a 2021 profit above analysts’ expectations. Demand for… Read More ›
South Korea drags U.S. to WTO for imposing steep tariffs on its exports of washing machines and solar panels. On Monday, South Korea dragged the United States to the World Trade Organization (WTO) saying the imposition of hefty tariffs by… Read More ›
While both companies have invested in a U.S. plant, in the short run expect an increase in washing machines by 5% to 10%. With the Trump Administration slapping hefty import tariffs on large residential washers, on Thursday, LG Electronics Inc… Read More ›
The imposition of these tariffs are in line with Trump’s ‘Make in America’ push and could significantly effect its skewed trade balance with China. With U.S. President Donald Trump slapping steep tariffs on solar panels and on imported washing machines,… Read More ›
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