WASHINGTON (Reuters) – President Donald Trump on Thursday prolonged “safeguard” tariffs on significant household washers for another two a long time in a shift that additional shields domestic brands these types of as Whirlpool Corp from import competitors.
The tariffs imposed in January 2018 were being between the initially that Trump imposed in his “America First” trade thrust, alongside with responsibilities on solar panels, steel aluminum and Chinese products.
The washer tariffs, imposed below Segment 201 of the Trade Act of 1974, have been designed to shield American makers from import surges for 3 a long time and were being at first owing to expire on Feb. 8.
The independent U.S. Intercontinental Trade Commission decided in November that import relief was still vital for domestic corporations, clearing the way for Trump to do so as a person of his closing trade acts.
The “tariff price quota” safeguards on washers impose levies of 20% to 40%, depending on import volumes, but exclude machines designed in Canada.
In the months before Trump imposed the tariffs, South Korean producers Samsung Electronics and LG Electronics, which experienced battled U.S. anti-dumping tariffs for a long time, created commitments to open up washer factories in the United States.
In a assertion, Whirlpool applauded the extension, expressing the transfer “culminates a just about ten years-long hard work by Whirlpool Company to assist make certain free and reasonable trade procedures that advantage each our shoppers and our 15,000 U.S. workforce at our nine producing internet sites across the nation.”
Reporting by David Lawder, Lisa Lambert and Tim Ahmann Modifying by Leslie Adler and Sam Holmes