Posted on 01/25/2018 12:19:58 PM PST by TigerClaws
That didn't take long.
LG Electronics told retailers on Wednesday that its laundry machines will get more expensive due to a tariff announced by the Trump administration earlier this week.
"As a result of the trade situation, we will be initiating pricing actions, which will be sent under separate cover shortly," LG executive Thomas Yoon said in a memo obtained by CNNMoney. The note was first reported by the Wall Street Journal.
****** LG said a new $250 million washer factory that's being built in Clarksville, Tennessee should help ease some pressure, since those washers won't be subject to the tariff.
(Excerpt) Read more at money.cnn.com ...
TRUMP'S ECONOMIC POLICY LEADS TO MORE JOBS FOR AMERICANS.
They also ignore economics 101 - manufacturers who build here can build cheaper products that'll sell making them more competitive.
That’s the idea you morons!!!
Just bought a Maytag to replace the old defunct whirlpool a couple of months ago. Works great.
That tears it. I’ll never buy another LG washer! Never heard of them anyway.
South Korea.
Woo, Hoo!
Benton Harbor, MI will make a come back!
CNN is on the side of ANYONE who hates the United States and our companies and our people.
Eff the little CNN sh*ts...
They are the most expensive ones in the store.
We hated out Whirlpool W & D combination.
Love our Maytag’s - going three (actually four) years strong.
We have also begun putting them in the properties we property manage. No issues.
I am SO hoping the frikkin stupid regulations handed down from the frikkin stupid EPA are abolished, and the people can once again purchase washing machines that actually agitate, spin, use a proper of amount of water, and clean the dirty clothes you entrust to their no-longer-computer-controlled-by-Big-Brother washing cycles - and the newly freed washing machines will clean your clothes like the good old days in well under under 3 hours.
Oh, and did I mention Dishwashers?
More fake news by CNN. The Trump tariffs on LG & Samsung are the result of a finding by the U.S. International Trade Commission that found both companies in violation of trade standards.
That is a type of brand that the likes of Lowes and Home Cheapo sell. I think Walmart also.
What they fail to mention is the middle men that these stores go to. Like Universal Forest Products, who are nothing but a broker house where they go and order units of lumber for the stores. Then Universal goes out and purchases the cheapest and most crappy lumber they can find and ship it to Home Depot and Lowes. Universal then takes a cut and ships the crap to them.
I once ask why the hell that Home Cheapo didnt deal directly with the manufactures. They told me that with all the items they sell, they’d have to hire tons of people to do the stock orders directly.
What a CROCK. I.E. They could order OSB directly from the nearest plant and cut the prices at least 10% and make a hell of a lot more money. Instead, they order from Universal and Universal gets the crap from some mill from where ever, and ship it to the store that needs the items.
Universal is a bunch of crooks.
This makes no sense. A tariff is a tax. If the government is going to put a tax on your product, the government is making the price go up. What the manufacturer should do is lower the price of the product. That way the tax when added will not make the price as high as it wouldve been without the lower price being implemented.
Years ago I asked a washer/dryer guy what he thought was the best manufacture, he said buy Speed Queen, we did, bought a washer and dryer, no problems at all.
Made in USA, it does cost more, but you get what you pay for.
,
>>>They are the most expensive ones in the store.
So since they are not capturing sales based on price, they must be selling machines with better features, better quality, or both. I’m trying to figure out why that requires tariff.
Dont get me started on dishwashers! The current models dont clean nearly as well and dont dry the dishes as the ones before the turn of the century.
Any #CNN-FakeNews stories on rising wages perchance?
Gosh - to think that the machines manufactured here will be cheaper - go figure!...
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