Breaking News

ZOTAC to Showcase New Graphics Card Models, Handheld Consoles, and AI-accelerated Systems at COMPUTEX 2025 ZHIYUN Launches CINEPEER SMOOTH 5E Mainstream Smartphone Gimbal xMEMS Unveils Sycamore-W – The World’s Thinnest Speaker Engineered for Smart Watches and Fitness Bands Samsung announces Galaxy S25 Edge DJI announces Mavic 4 Pro

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

U.S. Confirms Samsung and LG Dumped Washers

U.S. Confirms Samsung and LG Dumped Washers

Consumer Electronics Dec 9,2016 0

The U.S. Department of Commerce (DOC) on Friday announced a final decision that Samsung and LG engaged in ongoing dumping of clothes washers from China into the United States, in violation of U.S. and international trade laws.

The ruling is in response to a petition filed by Whirlpool Corporation in December 2015.

In today's ruling, the DOC announced antidumping margins of 52.51 percent for Samsung, and 32.12 percent for LG. Upon an anticipated affirmative U.S. International Trade Commission ruling in January 2017 on injury from the dumping, and any technical corrections from the DOC to account for possible clerical errors, Samsung and LG will be required to pay cash deposits at these substantial rates.

"The Commerce Department's ruling is an important victory in the continuing efforts to hold companies accountable when they systematically violate trade laws to gain a competitive advantage," said Jeff Fettig, chairman and chief executive officer of Whirlpool Corp. "We are strongly committed to the application and enforcement of trade laws, which support fair competition, a solid U.S. manufacturing base and continued investments in innovation that improve the lives of our consumers."

Today the DOC also declined to apply Samsung's dumping rate retroactively. Although Samsung was stockpiling washers to avoid dumping duties, the stockpiling did not meet the DOC's legal threshold for critical circumstances.

"Samsung is pleased that the U.S. Department of Commerce's ruling confirms that we did not inappropriately increase imports prior to the preliminary determination, leading to no retroactive duties," Samsung said. "We are, however, disappointed by the Department's final duty rate calculations. These calculations were based on an unrealistic benchmark price that did not reflect market realities. Samsung remains committed to fair competition and delivering innovation to the marketplace and will continue to deliver products that meet the highest standards in design, performance, and quality to our customers."

In January, the U.S. International Trade Commission (ITC) is expected to vote on whether the dumped imports caused injury to the U.S. clothes washer industry.

Tags:
Previous Post
Super Mario Run Won't Play Offline
Next Post
Xiaomi Electric Vehicle Launch on Monday, Yeelight LED Ceiling Light Launched

Related Posts

Latest News

ZOTAC to Showcase New Graphics Card Models, Handheld Consoles, and AI-accelerated Systems at COMPUTEX 2025
GPUs

ZOTAC to Showcase New Graphics Card Models, Handheld Consoles, and AI-accelerated Systems at COMPUTEX 2025

ZHIYUN Launches CINEPEER SMOOTH 5E Mainstream Smartphone Gimbal
Cameras

ZHIYUN Launches CINEPEER SMOOTH 5E Mainstream Smartphone Gimbal

xMEMS Unveils Sycamore-W – The World’s Thinnest Speaker Engineered for Smart Watches and Fitness Bands
Enterprise & IT

xMEMS Unveils Sycamore-W – The World’s Thinnest Speaker Engineered for Smart Watches and Fitness Bands

Samsung announces Galaxy S25 Edge
Smartphones

Samsung announces Galaxy S25 Edge

DJI announces Mavic 4 Pro
Drones

DJI announces Mavic 4 Pro

Popular Reviews

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Dark Rock 5

be quiet! Dark Rock 5

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

G.skill Trident Z5 Neo RGB DDR5-6000 64GB CL30

G.skill Trident Z5 Neo RGB DDR5-6000 64GB CL30

Arctic Liquid Freezer III 420 - 360

Arctic Liquid Freezer III 420 - 360

Crucial Pro OC 32GB DDR5-6000 CL36 White

Crucial Pro OC 32GB DDR5-6000 CL36 White

Crucial T705 2TB NVME White

Crucial T705 2TB NVME White

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed