Whirlpool Flags Possible Tariff Evasion By Foreign Competitors

Whirlpool Corp (NYSE:WHR) is reportedly raising alarms with the Trump administration over what it says is widespread tariff evasion by foreign competitors, potentially undercutting U.S. manufacturing.

The appliance maker argues that numerous overseas manufacturers are undervaluing their imports, thereby avoiding steep tariffs.

The claims are based on federal data from import paperwork, the Wall Street Journal reported on Sunday.

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The WSJ reported that the declared customs value of various appliances sharply declined starting in June, allowing importers to pay significantly lower duties.

A Wall Street Journal review of the data found that garbage disposals from China fell from an average of $21 in the first five months of the year to under $8 in July. Similarly, gas ranges from Thailand dropped more than half to $175, and washing machines from South Korea plummeted from $838 ...