The International Trade Commission recently announced recommendations for the U.S. to impose tariffs of up to 50 percent on washing machine imports exceeding a quota of 1.2 million units annually.
The recommendation has been passed along to President Donald Trump, giving him 60 days to reach a final decision.
This announcement comes on the heels of the trade commission-backed claim that foreign competitors, Samsung and LG, are “injuring” the domestic washing machine—specifically, Michigan-based manufacturer Whirlpool.
If Trump decides to take the commission’s recommendation, Americans will quickly begin to see fewer washing machine options and higher prices on the common household appliance. …Read More On The Daily Signal