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LG Electronics ups washer capacity as imports soar during pandemic

Cons. Discr. - Durables 425 Industrials - Capital Goods 539 Tariffs 1728 U.S. 5005

LG Electronics plans to expand its U.S. washing machine factory by around 50% in staffing terms. The initial investment in U.S. manufacturing in 2018 was driven by an “in-market, for-market” supply chain strategy and came as the Trump administration applied section 201 tariff rate quotas to imports of washers. There are few signs that the Biden administration plans to reverse those tariffs. U.S. seaborne imports of washing machines linked to LG Electronics climbed 227% higher year over year in Q1’21 and by 126% compared to the same period of 2019. Imports linked to Samsung Electronics by...

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