Whirlpool Corporation says it’s confident the Trump administration will investigate the company’s allegations that competitors are evading tariffs by underreporting the value of their imports.
The Wall Street Journal reported on Sunday that Whirlpool has informed the administration overseas competitors in Thailand, South Korea, and Vietnam started decreasing the customs value of numerous appliances back in June as tariffs loomed. A lower customs value will mean lower tariffs.
A review of the data shows imported washing machines from South Korea, for example, have dropped from nearly $840 to $73 in recent months.
In a statement Monday, Whirlpool told us it has “shared its concerns about this data with the administration at various levels” and also raised the issue directly with foreign