Whirlpool has accused its competitors of undervaluing appliances made overseas to avoid President Trump’s tariffs, according to a report.
Samsung, LG Electronics and GE Appliances began lowballing the costs of their imported washing machines, stoves, garbage disposals and other appliances in June, according to a Wall Street Journal report .
The declared cost of gas ranges from Thailand, for example, dropped by more than half to $175 while washing machines made in South Korea suddenly dropped to $73 from $838, according to Whirlpool’s research of federal customs data. 4
Meanwhile, the retail prices for those products didn’t change, according to the report.
The marked-down values came as the tariff rates for the appliances increased by as much as 60%.
Whirlpool did not file a for