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Trade agency sides with Whirlpool in dumping case
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02/10/12 07:02 PM ET
A U.S. trade agency has backed claims from Whirlpool that Korean manufacturers were dumping washing machines in the United States.
The International Trade Agency, in a preliminary 4-1 vote, agreed that Samsung and LG Electronics were selling washers made in South Korea and Mexico at below market prices.
Whirlpool, which lodged its complaint against the Korean corporations in December, had previously accused Samsung and LG of dumping refrigerators in the U.S.
“This decision by the ITC validates the actions we’ve taken to protect the U.S. domestic appliance industry, our 23,000 U.S. employees and the communities in which they work,” Kristine Vernier, a Whirlpool spokeswoman, said in a Friday statement. But Samsung, pointing to Whirlpool’s recent positive earnings announcement, said the U.S. washer industry had not been hurt, and that it would ultimately be found to be in compliance with U.S. law.
“We are concerned that positions such as those taken by Whirlpool in this proceeding will ultimately reduce choice and value for the American consumer,” the company said in a statement.
LG has also called the dumping claims baseless, when Whirlpool filed its petition last year.
Following the I.T.C. move, the Commerce Department is expected continue its investigation into the washing machines, and to release determinations on the issue throughout 2012.
The probe’s final results are anticipated in about a year.
The International Trade Agency, in a preliminary 4-1 vote, agreed that Samsung and LG Electronics were selling washers made in South Korea and Mexico at below market prices.
Whirlpool, which lodged its complaint against the Korean corporations in December, had previously accused Samsung and LG of dumping refrigerators in the U.S.
“This decision by the ITC validates the actions we’ve taken to protect the U.S. domestic appliance industry, our 23,000 U.S. employees and the communities in which they work,” Kristine Vernier, a Whirlpool spokeswoman, said in a Friday statement. But Samsung, pointing to Whirlpool’s recent positive earnings announcement, said the U.S. washer industry had not been hurt, and that it would ultimately be found to be in compliance with U.S. law.
LG has also called the dumping claims baseless, when Whirlpool filed its petition last year.
Following the I.T.C. move, the Commerce Department is expected continue its investigation into the washing machines, and to release determinations on the issue throughout 2012.
The probe’s final results are anticipated in about a year.
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