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LG to raise washing machine prices amid new Trump tariffs

chuckiechan

chuckiechan

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https://www.cnet.com/news/lg-to-raise-washing-machine-prices-after-new-trump-tariffs/

LG has notified retailers it plans to raise the prices on its washing machines following President Donald Trump's decision to impose steep tariffs on imported laundry appliances.

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The action follows complaints from US-based manufacturer Whirlpool against Korean-based manufacturers Samsung and LG, both relatively recent rivals in the US appliances market.
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It's about time.

If you think of domestic jobs displaced by not making washing machines as costs to the country's "Social spending account", you will see the benefit of getting those people back to work and full time. The tariffs will serve to make imported washing machines closer in price. Yes, domestic machines have lots of foreign parts, but the main part of the machine is made here in the USA. The most important issue is making the point that we are serious about punishing countries who cheat on their production cost figures to arrive at the magic number needed to under cut American made products.

This is a warning shot in a tiny industry. The first pebble to be thrown.

Stay tuned for the MAGA vs DMAGA*
(Don't MAGA)
 
Trump will place US citizens in a situation of having to spend their newly found tax cuts (and more) on the costs of trade wars :lol:

Americans are some dumbass mother****ers .........
 
End result is higher prices for everyone.
 
I'm all for trade tariffs appropriately placed. American workers should not be having wage competitions and losing their jobs to child, prison and slave labor just so we can have a moderately cheaper dishwasher assembled by highly unethical means.
 
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poweRob said:
I'm all for trade tariffs appropriately placed. American workers should not be having wage competitions and losing their jobs to child, prison and slave labor just so we can have a moderately cheaper dishwasher assembled by highly unethical means.
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At the same time, we don't need trade wars that will seriously hurt the poor and increase significantly the costs of the middle class. Do you think Trump really cares if he ends up having to pay 10% more for items in the future? Nope.
 
poweRob said:
I'm all for trade tariffs appropriately placed. American workers should not be having wage competitions and losing their jobs to child, prison and slave labor just so we can have a moderately cheaper dishwasher assembled by highly unethical means.
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South Korea is not a place that has child, prison or slave labor
 
poweRob said:
I'm all for trade tariffs appropriately placed. American workers should not be having wage competitions and losing their jobs to child, prison and slave labor just so we can have a moderately cheaper dishwasher assembled by highly unethical means.
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South Korea does not have that they are just more efficient and better managed. All this means is that Whirlpool can now get lazier with its innovation and supply chain.
 
poweRob said:
I'm all for trade tariffs appropriately placed. American workers should not be having wage competitions and losing their jobs to child, prison and slave labor just so we can have a moderately cheaper dishwasher assembled by highly unethical means.
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It's not just the tariffs. The USA is engineering the USDollar losing relative value and when the Chinese do that, we claim currency manipulation. We will have a trade war followed by a currency War followed, or perhaps preceded by, a economic crash./
/
 
chuckiechan said:
If the price was low because they were cheating on production costs, then that was an artificial price in the first place.
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How is being better cheating? The South Koreans have supply chain management down to a fine art, their savings in production costs come from that.
 
DaveFagan said:
It's not just the tariffs. The USA is engineering the USDollar losing relative value and when the Chinese do that, we claim currency manipulation. We will have a trade war followed by a currency War followed, or perhaps preceded by, a economic crash./
/
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China’s currency is now pegged to a basket of currencies, but it is still pegged and was a smart strategic move by China. They can still manipulate the “peg” and the USA can’t do much about it other than lay direct tariffs. So basically they are screwing the whole would rather than just the USA.
 
Carjosse said:
How is being better cheating? The South Koreans have supply chain management down to a fine art, their savings in production costs come from that.
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It is a jobs protection measure. I’d rather support the country with higher wages, rather than lower prices.
 
Praxas said:
At the same time, we don't need trade wars that will seriously hurt the poor and increase significantly the costs of the middle class. Do you think Trump really cares if he ends up having to pay 10% more for items in the future? Nope.
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I want a tiered trade barrier. Where workers rights and environmental protections are considered. If you have similar worker protections and environmental standards as us, you have no tariffs. The less you are similar in these areas, the higher the tariffs on your imports. If this causes a trade war, so be it. Unlike most countries, we have the manpower, resources and educated work-force to produce at home the bulk of our needs.

That being said, I don't think having these standards would require or need to implement a trade war. We have by far the premiere markets everyone wants to get their goods to sell in. We have the upper hand to raise world standards to us rather than drop ours to the lowest common denominator.
 
ttwtt78640 said:
No welfare is without victims - the "safety net" is a prime reason that lower skilled labor pays so little right here.
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Yeah, the "safety net" is an easy thing to overdo. I do believe that they are necessary, but they need to be structured so as not to kill incentives. Examples: SS and Medicare I think are good ideas (cost of Medicare is a problem, I know), but much of LBJ's welfare state was a badly designed mess.
 
Carjosse said:
South Korea does not have that they are just more efficient and better managed. All this means is that Whirlpool can now get lazier with its innovation and supply chain.
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Like I said to Lord Tammerlain I veered a bit OT. I was talking general trade policies. I'm for correctly placed tariffs in a uniform standard like I stated just above. It should never be wielded as a weapon for personal settlements or cronyism reasons. Have an open tariff policy that is easy to understand and allow for all to meet.
 
DaveFagan said:
It's not just the tariffs. The USA is engineering the USDollar losing relative value and when the Chinese do that, we claim currency manipulation. We will have a trade war followed by a currency War followed, or perhaps preceded by, a economic crash./
/
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I don't want to see a crash. I want a level playing field for us. If the two can't be reconciled... a crash is coming with or with action eventually.
 
<alt>doxygen said:
Farm Welfare, again. It is NOT a victimless crime.
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Well, the only politician on a “change rant” is Trump. And I don’t know where he stands on subsidies. But the family farm is a dying institution, and many corporate farms are mainly “subsidy farmers” and also provide obscure tax write offs for the wealthy.

Bits and news snippets tell me Trump is open to cutting subsidies. Gotta have a second act, I guess.
 
What did everyone think was going to happen? A sudden rush to domestic manufacturing... really?
 
<alt>doxygen said:
Yeah, the "safety net" is an easy thing to overdo. I do believe that they are necessary, but they need to be structured so as not to kill incentives. Examples: SS and Medicare I think are good ideas (cost of Medicare is a problem, I know), but much of LBJ's welfare state was a badly designed mess.
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The "safety net" is simply a goofy way to make equal (low wage) work result in in unequal pay. It is better than the "living wage" (make a McJob into a McCareer?) idea but not by much.
 
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