![]() ![]() There is just not enough margin in our business to just absorb it. ![]() Marc Bitzer, Whirlpool CEO, told The Wall Street Journal in 2019, “Over the last two years, we had more than $600 million in material-cost inflation. Furthermore, Americans have paid more than $200 million in tariffs to import washers and washer parts since 2018.Ĭrony washer tariffs were OK by Whirlpool, but crony steel and aluminum tariffs hit the company hard. As a result of the tariffs, coupled with higher tariffs on steel and aluminum in 2018, American families are facing higher prices for washers and dryers.Ī recent study indicates that after roughly one year of higher tariffs, domestic washer prices increased by $86 per unit and dryers increased by $92 per unit. The real victims of this cronyism were not Samsung and LG, though. Both companies made plans for these factories as early as 2010 and have plans to further expand their U.S. These new plants allow Samsung and LG to lower transportation costs, making their high-tech washers and dryers more affordable for American families. LG’s Tennessee plant opened in 2019 and already employs more than 550 people. Samsung’s plant in South Carolina opened in 2018 and created 600 new jobs. ![]() While Whirlpool was using crony tariffs to hurt its competition, Samsung and LG were actively building their first washing machine plants in the U.S. In fact, in 2006, Whirlpool faced government scrutiny pursuant to antitrust laws, but the company successfully assuaged those concerns by pointing to growing competition from Samsung and LG. ![]()
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