Whirlpool Tells U.S. Authorities Its Rivals Could Be Evading Tariffs

[Mosby]

The appliance maker Whirlpool is stirring up a new trade dispute, telling the Trump administration that its overseas competitors could be evading hefty tariff bills by undervaluing their imports.

Its claims are based on federal data generated from import paperwork. Whirlpool said the data shows that the declared customs value of numerous appliances started to plummet in June. A smaller declared value would mean a lower tariff payment.

A Wall Street Journal review of the data shows that garbage disposals from China dropped from an average of $21 over the first five months of the year to $9 in June, and then less than $8 in July. Gas ranges from Thailand more than halved to $175. Washing machines from South Korea sank from $838 to $73.

The retail prices of those appliances, which carry tariff rates ranging from 13% to 60%, haven’t shown a corresponding drop, Whirlpool said.

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[Marie Marie]

1. Looks like they all got their accounting degrees from Trump University.

They learned to game the system - just like Trump would do.