Tariff Quote Watch: Whirlpool Suffers Setback in Mexico, Still Faces U.S. Tariff Risks

China 2604 Cons. Discr. - Durables 346 Industrials - Capital Goods 470 Mexico 731 Quote Watch 261 Tariffs 1648 U.S. 4633

Whirlpool has faced a 4.4% year over year drop in revenues in 3Q, driven in large part by a 28.0% slide in sales in Latin America. CFO James Peters has stated the firm is facing “continued softness in Canada, Mexico and China”. Whirlpool’s Mexican imports were unchanged in the three months to Aug. 31 – the period feeding 3Q sales – after a slip in shipments in June was offset by a subsequent improvement. A 22.4% drop in shipments of cooker hoods led the way, while there was an 18.6% increase in imports of washing machines. The latter may reflect an expansion outside the U.S. after tariff...

Copyright © 2020 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.