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Whirlpool Wants Gov't to Force Consumers to Pay Moreby Bob AdelmannThe New American Jan. 03, 2012 |
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 One of the ways that Whirlpool Corporation celebrated its 100th anniversary last year was to file petitions against two of its main South Korean competitors for “dumping” washing machines onto the market on Black Friday. Whirlpool claimed that Samsung was selling their 3.7 cubic-foot top-loading washing machines at a wholesale price of $363.18, way below the $751.46 Whirlpool says it would cost them to make the same product. Consequently, Samsung and LG Electronics sold thousands of their washers over the Black Friday weekend, taking substantial market share away from Whirlpool. In its complaint, Whirlpool demanded an investigation into their rivals’ practice of “dumping” washers at prices that Whirlpool couldn’t match, and then demanded sanctions — tariffs — against the offending competitors and their products. It’s worked before. Last March Whirlpool filed a similar petition about their competitors dumping high-end refrigerators and the Commerce Department agreed, applying a 37-percent duty on those refrigerators as well as forcing those competitors to post bonds if they didn’t raise their prices to “fair value.” Read More |
