January 23, according to a number of foreign media reports, the U.S. International Trade Commission (ITC) proposed in a hearing to impose a 50% tariff on more than 1.2 million Korean-made washing machines in order to avoid flooding the U.S. market with low-priced Korean products There is no doubt that this policy is directed at Samsung Electronics and LG Electronics.
The face of the U.S. government to increase tariffs on imported washing machines, LG can only 'be forced' to increase the price of imported washing machines.
According to The Wall Street Journal, LG Electronics sent a message to U.S. retailers Thursday that the company will increase the price of most washing machines in the United States, given the U.S. government's announcement of tariffs on imported large domestic washing machines.
Trump Raised Protective Tariff LG 'forced' to raise washing machine prices in US market LG said US tariffs will affect most of the company's wave-and drum-type washing machines, but did not mention the company will raise the price of such products in the United States, while according to industry sources, LG is expected to LG Home appliances price adjustment in the 50 US dollars.
It is understood that U.S. President Trump has approved the proposals of companies such as US home appliance giant Whirlpool and solar panel maker SunivaInc to raise protective tariffs on imports of large domestic washing machines and components by taxing 20% of the 1.2 million units and over 1.2 million Taiwan is taxed 50%, and some parts will be subject to 50% of the tax.
