Drudge Retort: The Other Side of the News
Friday, January 26, 2018

LG Electronics told retailers on Wednesday that its laundry machines will get more expensive due to a tariff announced by the Trump administration earlier this week. An LG spokesman declined to comment as to how much more expensive the appliances will get, or on the timing of the price hike. But consumers should be prepared for prices to go up by 15% to 20%, said Dinesh Kithany, asmart home and appliances analyst with IHS Markit.

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So Much Winning.

#1 | Posted by 726 at 2018-01-26 07:16 AM | Reply

Um, tariffs are designed to make products made overseas more expensive. That is the entire purpose of tariffs.

#2 | Posted by danni at 2018-01-26 12:06 PM | Reply | Newsworthy 1

so, Frankie falls for this twice?

too funny......

#3 | Posted by eberly at 2018-01-26 12:08 PM | Reply

Clever that the headline leaves out "LG Electronics".

#4 | Posted by Rightocenter at 2018-01-26 02:31 PM | Reply

Clever that the headline leaves out "LG Electronics".

#4 | POSTED BY RIGHTOCENTER

I know Conservatives only read headlines and that's why they have no clue whats going on.

But the rest of us read at least the blurb, if not the whole story. So this kind of sounds like a lazy Conservative DR posters problem...

#5 | Posted by Sycophant at 2018-01-26 02:55 PM | Reply

I'm glad we bought our new washing machine a couple of weeks ago. We got a good deal on it.

#6 | Posted by JeffJ at 2018-01-26 03:19 PM | Reply

#6

I read the whole story, tardboy, as well as the Bloomberg and WSJ stories on it as well, a couple of days ago.

Guess what? The tariff mainly applies to LG and Samsung washers, those made here in the US will not go up. As this article says:

LG Electronics told retailers on Wednesday that its laundry machines will get more expensive due to a tariff announced by the Trump administration earlier this week.

"As a result of the trade situation, we will be initiating pricing actions, which will be sent under separate cover shortly," LG executive Thomas Yoon said in a memo obtained by CNNMoney.

>b>LG said a new $250 million washer factory that's being built in Clarksville, Tennessee should help ease some pressure, since those washers won't be subject to the tariff.

Even Danni is smart enough to understand how tariffs work, maybe she can explain it to you.

#7 | Posted by Rightocenter at 2018-01-26 03:21 PM | Reply | Funny: 1

Imma guess you do the washing, not your wife.

(This is an example of humor that builds up all the men who have their wives do the washing, at Jeff's expense.)

#8 | Posted by snoofy at 2018-01-26 03:21 PM | Reply

"The tariff mainly applies to LG and Samsung washers, those made here in the US will not go up."

LG already announced a $50 price increase, on the front page of yesterday's WSJ.

#9 | Posted by snoofy at 2018-01-26 03:23 PM | Reply

#6
I read the whole story, tardboy, as well as the Bloomberg and WSJ stories on it as well, a couple of days ago.
Guess what? The tariff mainly applies to LG and Samsung washers, those made here in the US will not go up. As this article says:

LG Electronics told retailers on Wednesday that its laundry machines will get more expensive due to a tariff announced by the Trump administration earlier this week.
"As a result of the trade situation, we will be initiating pricing actions, which will be sent under separate cover shortly," LG executive Thomas Yoon said in a memo obtained by CNNMoney.
>b>LG said a new $250 million washer factory that's being built in Clarksville, Tennessee should help ease some pressure, since those washers won't be subject to the tariff.

Even Danni is smart enough to understand how tariffs work, maybe she can explain it to you.
#7 | POSTED BY RIGHTOCENTER

What does this have to do with JeffJ buying a washing machine?

#10 | Posted by Sycophant at 2018-01-26 03:30 PM | Reply

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Snoof,

My wife handles the laundry.

#11 | Posted by JeffJ at 2018-01-26 04:05 PM | Reply

What does this have to do with JeffJ buying a washing machine?

#10 | POSTED BY SYCOPHANT

I'm pretty sure he tagged the wrong post. His post was directed at #5.

#12 | Posted by JeffJ at 2018-01-26 04:06 PM | Reply

What does this have to do with JeffJ buying a washing machine?
#10 | POSTED BY SYCOPHANT
I'm pretty sure he tagged the wrong post. His post was directed at #5.
#12 | POSTED BY JEFFJ

Then he goes off on how tariffs work? That has nothing to do with #5...

Trump finally broke him.

#13 | Posted by Sycophant at 2018-01-26 04:28 PM | Reply

Right or wrong, this tariff is plainly a dent to the notion off capitalism, where an economy is determined by the forces of production, but rather than by the state. Reminds me of when Nixon tried to control the country by raising tariffs, outlawing price increases to stop inflation, and setting the nation's speed limit to 55 mph. History does love to repeat itself.

#14 | Posted by bornfree at 2018-01-26 04:30 PM | Reply | Newsworthy 1

#13

You are right, tariffs have nothing to do with this thread, the article or your obvious retardation.

#15 | Posted by Rightocenter at 2018-01-26 04:58 PM | Reply

#13
You are right, tariffs have nothing to do with this thread, the article or your obvious retardation.

#15 | POSTED BY RIGHTOCENTER

Look, you got caught being a moron. It happens. Just own up to it.

Don't be a Trump by deflecting like crazy and heading off on tangents.

#16 | Posted by Sycophant at 2018-01-26 05:32 PM | Reply

Exactly how did I get "caught being a moron" when you are the one who claimed I didn't read the story and then asked "Then he goes off on how tariffs work?"

Pssst...that is the entire point of the story.

And if you are talking about the fact that I typed "6" rather than "5" then you really are a sad little man.

#17 | Posted by Rightocenter at 2018-01-26 05:50 PM | Reply

Title should read: Greedy Washing Machine Mfgrs Threaten Consumers With Increased Profits

#18 | Posted by SheepleSchism at 2018-01-26 06:59 PM | Reply

So let's say you're an American company in the washing machine business, and for whatever reason, you still produce washing machines in America.

You just found out your foreign-manufacturing competitors got slapped with a hefty tariff.

What do you do yo your prices?

You could raise them by say 80% of the tariff rate, and still compete and win on price, right RightOCenter?

#19 | Posted by snoofy at 2018-01-26 08:54 PM | Reply

#19

Or you could leave them as is, since you are now competitive and your effective margin doesn't change, you just sell more of them.

But you knew that, right?

#20 | Posted by Rightocenter at 2018-01-26 09:07 PM | Reply

Hopefully your Reading Comprehension Tutoring session that you and Indy had today was helpful, see if you can understand this:

Whirlpool's washer battle with Samsung, LG heats up at trade hearing

Sound out the big words slowly, like you were taught today.

#21 | Posted by Rightocenter at 2018-01-26 09:16 PM | Reply

"Or you could leave them as is, since you are now competitive and your effective margin doesn't change, you just sell more of them.

But you knew that, right?"

I did know that.

Now, which is actually happening?

#22 | Posted by snoofy at 2018-01-26 09:17 PM | Reply

Did you have to Phone A Friend?
Was it Jimmy Smits?

#23 | Posted by snoofy at 2018-01-26 09:25 PM | Reply

We will have to see, won't we. According to Cleveland.com:

"If the tariffs are on imports, will Whirlpool have price hikes, and why?

Filings in the trade case suggest Whirlpool had been pressured by the foreigners' practices to make its own prices artificially low, although many details are proprietary and Whirlpool won't discuss pricing. What is known is what the trade commission said in its recommendation that led to Trump's decision:

In the short term, "our recommended action will result in a modest increase in the domestic industry's prices and a substantial increase in the industry's sales volume, revenues, and operating income over 2016 levels as import volumes are cut in half."

Asked about price hikes, Patrick O'Connor, a Whirlpool spokesman, said, "This case is all about fair competition among appliance companies and real benefits to consumers. Overseas competitors were 'dumping' products, meaning they were selling products at prices below their own cost hoping to force American companies out of the market. Those companies didn't have consumers' best interest at heart. An effective remedy will bring a variety of appliance choices at affordable prices."

Once you can have an intelligent conversation on dumping below cost and its effect on the price elasticity of demand, we can talk about where domestic pricing will end up after imports are cut in half.

#24 | Posted by Rightocenter at 2018-01-26 09:36 PM | Reply

Was it Jimmy Smits?

Funny you say that, I did some work for him and his partner Wanda. Nice people.

#25 | Posted by Rightocenter at 2018-01-26 09:48 PM | Reply

Remember when Donald Trump said he was very similar to Bernie on trade?

Sure you do, it's right here: www.politifact.com

Rated by politifact: Mostly True.

Now here's where politics get funny... A bunch of people complaining about Trump tariffs are also people that said they'd have fully supported Bernie if he had won the nomination. So you'd gladly accept these policies, as long as it's a Democrat doing it.

#26 | Posted by sitzkrieg at 2018-01-27 09:22 AM | Reply | Newsworthy 1

So Bernie is OK with Trump virtually destroying solar with tariffs, cuz Trump once said he was similar to bernie?

Try again, sitz...

#27 | Posted by Alexandrite at 2018-01-27 01:09 PM | Reply

Trump wants to support domestic laundry industry, but didn't realize this tariff has nothing to do with condos.

#28 | Posted by bored at 2018-01-27 01:17 PM | Reply

#27 | POSTED BY ALEXANDRITE AT 2018-01-27 01:09 PM | REPLY

Swing & a miss. Didn't read the link.

#29 | Posted by sitzkrieg at 2018-01-27 01:39 PM | Reply

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