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LG is raising washing machine prices due to new Trump tariff
CNN Fake News ^

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 ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: cnn; fakenews; lg; lgwashers; trumptariff; trumptrade; washingmachines
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CNN hides the real story in the closing paragraphs:

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.

1 posted on 01/25/2018 12:19:58 PM PST by TigerClaws
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To: TigerClaws

That’s the idea you morons!!!


2 posted on 01/25/2018 12:21:56 PM PST by IC Ken
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To: TigerClaws

Just bought a Maytag to replace the old defunct whirlpool a couple of months ago. Works great.


3 posted on 01/25/2018 12:22:10 PM PST by rockinqsranch (Conservatives seek the truth. Democrats seek the power to dictate what truth is.)
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To: TigerClaws

That tears it. I’ll never buy another LG washer! Never heard of them anyway.


4 posted on 01/25/2018 12:24:03 PM PST by Jim Robinson (Resistance to tyrants is obedience to God!)
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To: Jim Robinson

South Korea.


5 posted on 01/25/2018 12:27:37 PM PST by Wolfie
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To: TigerClaws; dfwgator; Larry Lucido

Woo, Hoo!
Benton Harbor, MI will make a come back!


6 posted on 01/25/2018 12:27:50 PM PST by Cletus.D.Yokel (Catastrophic, Anthropogenic Climate Alterations: The acronym explains the science.)
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To: TigerClaws
CNN is clueless... Trump wants LG to move some plants here and he wants American made to be competitive

CNN is on the side of ANYONE who hates the United States and our companies and our people.

Eff the little CNN sh*ts...

7 posted on 01/25/2018 12:28:23 PM PST by GOPJ (Attempted coup by FBI "boudoir KGB types" to overthrow the United States is treason)
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To: Jim Robinson
I’ll never buy another LG washer! Never heard of them anyway.

They are the most expensive ones in the store.

8 posted on 01/25/2018 12:30:10 PM PST by itsahoot (As long as there is money to be divided, there will be division.)
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To: rockinqsranch

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.


9 posted on 01/25/2018 12:30:10 PM PST by BBB333 (The Power Of Trump Compels You!)
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To: TigerClaws

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?


10 posted on 01/25/2018 12:32:33 PM PST by CaptainPhilFan
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To: All

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.


11 posted on 01/25/2018 12:35:29 PM PST by JonPreston
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To: Jim Robinson

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.


12 posted on 01/25/2018 12:35:42 PM PST by crz
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To: TigerClaws
My recent washer and dryer pair is Roper, made in the heartland of America. Roper is a quality, no frills subsidiary of Whirlpool, and gets the job done at a great price point. Of course there is no tariff.
 
13 posted on 01/25/2018 12:36:45 PM PST by Governor Dinwiddie (CNN is fake news.)
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To: TigerClaws

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 would’ve been without the lower price being implemented.


14 posted on 01/25/2018 12:37:25 PM PST by Captain Jack Aubrey (There's not a moment to lose.)
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To: TigerClaws

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.
,


15 posted on 01/25/2018 12:38:14 PM PST by No-Sparkle Pony
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To: itsahoot

>>>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.


16 posted on 01/25/2018 12:39:04 PM PST by oincobx
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To: CaptainPhilFan

Don’t get me started on dishwashers! The current models don’t clean nearly as well and don’t dry the dishes as the ones before the turn of the century.


17 posted on 01/25/2018 12:39:35 PM PST by Wallace T.
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To: TigerClaws

Any #CNN-FakeNews stories on rising wages perchance?


18 posted on 01/25/2018 12:39:43 PM PST by TigersEye (A Russian Bot is a Russian Bot to his last dying day!)
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To: CaptainPhilFan
I am SO hoping the frikkin stupid regulations handed down from the frikkin stupid EPA are abolished,

Agreed. I went to Canada for full flush toilets when we built our house in 2007. For washing machines, I might recommend the Speed Queen AWN432S, which is a commercial grade washing machine (subject to fewer regs).


19 posted on 01/25/2018 12:42:10 PM PST by Dr. Sivana (There is no salvation in politics.)
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To: TigerClaws

Gosh - to think that the machines manufactured here will be cheaper - go figure!...


20 posted on 01/25/2018 12:43:38 PM PST by trebb (I stopped picking on the mentally ill hypocrites who pose as conservatives......;-))
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