July 27, 2021

Business Briefing | Regulatory News: U.S. Investigates Trade Complaint on Washers

The Commerce Department agreed to investigate a trade complaint by Whirlpool that said residential washing machines made in South Korea and Mexico were being sold below cost in America. The United States imported $1.1 billion of the washers from the two nations in 2010, the agency said. Whirlpool is requesting antidumping duties on LG and Samsung imports from South Korea and Mexico. The department also is considering whether to impose countervailing duties against the Korean products, to offset benefits of subsidies.

Article source: http://www.nytimes.com/2012/01/21/business/global/us-investigates-trade-complaint-on-washers.html?partner=rss&emc=rss

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