Samsung Elec Pulls Up Washer Plant Opening In U.S. Amid U.S. Safeguard Duty Review

Trump is signing order Tuesday which will put tariffs of up to 50 per cent on imported washing machines and 40 per cent on solar panels 

  • Move will boost domestic manufacturers Whirlpool and General Electric which have accused rivals Samsung and LG of dumping products in the U.S.

  • Quarter of all washing machines are imported, including Sears own brand offerings, and Samsung predicted 'everyone will pay more with fewer choices'

  • South Korea accused U.S. of breaching World Trade Organization rules and European Union said it would hit back if its exports were affected

  • Tough on trade measure comes before Trump visits Davos with White House promising he will deliver 'America First' message to CEOs and billionaires¬†

  • By Reuters

    Published: 18:42 EDT, 22 January 2018 | Updated: 16:03 EDT, 23 January 2018

    82 shares

    Source : http://www.dailymail.co.uk/news/article-5300107/Trump-slaps-tariffs-foreign-washing-machines-solar-panels.html

    Trump slaps tariffs on foreign washing machines and solar panels in 'America First' move on trade - but importers say he will hit jobs and increase prices
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