The firm said the tariffs on front- and top-loading machines will be largely passed on to US consumers wishing to buy LG’s white goods (via Reuters).
Tariffs on the company will be 20% on the first 1.2 million machines imported into the US, while anything beyond that will be levied with a 50% charge.
Trump’s new War On Foreign Washing Machines is part of the same ruling likely to undermine the growth of the solar industry in the United States.
30% tariffs will be placed on imported solar panels, largely from China, which has led to predictions that 26,000 jobs in the US could be at risk (via CNN).
“This reckless decision will threaten tens of thousands of American jobs and hurt our climate,” said Howard Crystal, a lawyer for the Center for Biological Diversity.