Whirlpool: 'Mission accomplished' on trade issue
Whirlpool Corporation issued a statement Tuesday declaring that it would conclude its involvement in the current refrigeration appeal over illegal appliance trade activity, having received a favorable ruling from the U.S. Court of International Trade.
In the decision, the Court ruled that the U.S. International Trade Commission had made significant errors in a 2012 trade remedy decision involving refrigerators imported from South Korea by LG and Samsung between 2008 and 2011. Whirlpool had filed a complaint in 2011 claiming that the appliances were being sold -- or dumped -- in the U.S. below fair market value.
In the statement, Whirlpool concluded that it was satisfied with having brought the activity to the government's attention.
"Because of our actions, there is no longer any doubt that dumping occurred and is occurring, both for washers and refrigerators," said Jeff Fettig, chairman and CEO of Whirlpool Corporation. "We are encouraged that the Court ruled there were mistakes made by the Trade Commission in not finding injury in the refrigeration case, particularly after the Commission determined that U.S. appliance workers and consumers were harmed by foreign competitors' unlawful washer trade actions."
Following the Court's decision, the U.S. government will impose tariffs on appliance imports.
"Since we filed the refrigerator case, the U.S. marketplace, the products, prices and the countries of supply have changed," continued Fettig. "Rather than pursue an appeal based on outdated data, we will put our energies toward continuing to monitor the U.S. appliance marketplace, evaluating potentially faster and more effective paths to achieve trade remedies and, when necessary, taking actions to defend U.S. manufacturing, innovation and consumers. Our focus remains on winning with consumers through developing innovative products, building strong brands and executing our long-term growth strategy with a commitment to ensuring that trade law is enforced for all."