US sets washing machines duties on South Korea, Mexico imports


Reuters

WASHINGTON — The U.S. Commerce Department on Monday set preliminary anti-dumping duties on about US$1 billion worth of residential washing machines from Mexico and South Korea in a case brought by American manufacturer Whirlpool.

The department estimated Mexico manufacturers were selling the washers in the United States at prices 33.30 percent to 72.41 percent below fair value. It said South Korean producers were undercutting prices by 9.62 percent to 82.41 percent. One of the two Mexican manufacturers hit with the 72.41 percent preliminary duty was Whirlpool itself. Whirlpool said in a statement it has stopped shipping washers from Mexico for sale in the United States, therefore not to facing the duties. The company said it has made significant investments at its Clyde, Ohio, plant and expects nearly 100 percent of the washers its sells in the United States will be U.S.-made by 2013.