General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWhirlpool Wanted Washer Tariffs. It Wasn't Ready for a Trade Showdown.
https://www.msn.com/en-us/money/companies/whirlpool-wanted-washer-tariffs-it-wasn-t-ready-for-a-trade-showdown/ar-AAAadUL?ocid=AMZNThis is, without any doubt, a positive catalyst for Whirlpool, he said on an investor conference call.
Nearly six months later, the companys share price is down 15%. One factor is a separate set of tariffs on steel and aluminum, imposed by the U.S. in March and later expanded, that helped drive up Whirlpools raw-materials costs. Net income, even with the added benefit of a lower tax bill, was down $64 million in the first quarter compared with a year earlier.
...
Prices have risen for the least-expensive washing machines, according to research by financial-data-analysis firm Thinknum for The Wall Street Journal. Whirlpools least-expensive model among a group tracked by Thinknum jumped from an average price of $329 in January to $429 in June. Samsungs rose from $494 to $582, while LGs rose from $629 to $703. Price increases at the lower end are most likely to be felt by consumers.
tanyev
(42,554 posts)BumRushDaShow
(128,958 posts)This could be the reason behind the speculation about today's "emergency meeting" between Drumpf and some congress members being for tax giveaway part 2. If that is the case, my speculation is that they may try to lower the corporate tax rate from the current 21% down to maybe 15% to shut them all up.
Ilsa
(61,695 posts)It's an excellent, extra-large capacity Kenmore Elite. He'll fix it up and resell it for about half of what I purchased it for.
My new washer is an LG, no agitator. I'm getting it on sale through Costco, which was already $200 below retail.
Roland99
(53,342 posts)Ilsa
(61,695 posts)Years old and should last me another seven years. My husband bought his first vehicle in twelve years near the end of the Obama Administration.
workinclasszero
(28,270 posts)My car is getting old and in need of repairs.
If I have to buy a new car after Dump slaps a tariff on all foreign cars, I'm screwed.
Ilsa
(61,695 posts)Even so, you'll probably pay a premium over its price six months ago, but I bet it's much less.
If tarriffs are put on foreign cars the price of ALL cars are going to go up overnight.
HAB911
(8,891 posts)Bengus81
(6,931 posts)Maytag did but I thought Whirlpool did the same.
Roland99
(53,342 posts)But theyre raising prices in Mexico too!
http://www.eluniversal.com.mx/english/mabe-and-whirlpool-to-increase-prices-mexico