Monday, May 21, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Galaxy Note 9 to Feature Updated Bixby 2.0: Samsung
Microsoft Acquires Conversational AI Company Semantic Machines
Acer Predator X27 Monitor Supports 4K, HDR, and G-Sync, But Costs $2,000
FCC Investigating Recent Report Website Flaw Exposed Mobile Phone Locations
Hisense Announces "Affordable" 80-inch Laser TV
Roaming Mantis Malware Infects Smartphones Through Wi-fi Routers
'Call Of Duty: Black Ops 4' Will Not Have a Single Player Campaign
Enmotus FuzeDrive Performance Benchmarks
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Consumer Electronics > Samsung...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, January 23, 2018
Samsung, LG Comment on US Safeguard on Washers


South Korean washing machine manufacturers protest the US International Trade Commission's decision to issue "safeguard" import restrictions on their products.

The US ITC decided to impose additional tariffs on washer imports as a safeguard for its own industry.

Samsung said in an official statement that such restrictions will limit choices of US consumers, bringing a loss to the market.

"Today's announcement is a great loss for American consumers and workers. This tariff is a tax on every consumer who wants to buy a washing machine. Everyone will pay more, with fewer choices," Samsung said.

"Samsung greatly appreciates the support of the many South Carolina and other officials who have advocated on our behalf. We already have hired more than 600 U.S. workers at our new South Carolina factory, and we began U.S. production of our high-quality washing machines on January 12th. Consumers are choosing Samsung premium washing machines for their innovation and desig," the company added.

LG also criticized the decision, saying it will inevitably harm the local job market.

"We are very disappointed in this misguided decision, which far exceeds what the US ITC recommended," the company's US branch said. "This is a textbook case about how certain companies can game the process to use trade laws to try to accomplish what they can't accomplish in the marketplace."

The latest ITC decision will hinder operations of the company's new plant under construction in Tennessee, threatening local jobs, it said, as the operations of these factories would also be at risk, due to the ITC decision that will increase costs by far.

Both Samsung and LG export washers to the US manufactured from Vietnam and Thailand.



Previous
Next
Tesla's Musk Will Be paid Only When Company Has a Profit        All News        LG Display Q4 Profit Fell on Low Panel Prices, New OLED Investments
Apple HomePod Voice Speaker Finally Launches     Consumer Electronics News      New Pioneer DDJ-1000 Controller Designed for rekordbox dj

Get RSS feed Easy Print E-Mail this Message

Related News
Samsung Brings Bixby to Home Appliances
Samsung Extends its Semiconductor Sales Lead over Intel
Samsung Galaxy Note 9 Said to Launch Before September
Samsung in Talks with ZTE to Offer Exynos Mobile Processor
Motorola and Microsoft Foldable Phone Patents, and the new Samsung Galaxy S8 Lite
LG Display Denies Google Investment Report
LG Officially Unveils G7 ThinQ With AI Features
New Samsung Galaxy A6 and A6+ Come With Advanced Cameras and Everyday Features
LG G7 Smartphone to Come with Powerful Boombox Speaker
LG Electronics Operating Profit up in Q1 on Sales of Home Appliances and TVs
Chips Power Samsung's Record first-quarter Profit Despite Decline in OLED Sales
LG Display Posts First-quarter Loss on Low LCD Prices

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .