President Trump Imposes Tariffs to Curb ‘Dumping’ of Appliances into the U.S. Market

Ned Piplovic


In the spirit of his “Make America Great Again” slogan, President Donald Trump followed through on one of his campaign promises and approved the recommendation of the U.S. International Trade Commission (ITC) to impose tariffs on some imported goods.

This measure is an attempt to curb “dumping” of imported products – such as washing machines and solar panels, in this case. Dumping is the practice where some manufacturers export goods into a foreign market and sell it at lower than fair-market prices, often lower than the prices charged in the manufacturer’s domestic market and sometimes even below the manufacturer’s total cost. The practice of dumping massive quantities of underpriced goods into a market can place significant strain on domestic competitors and can bankrupt them. At that point, the foreign manufacturers can take the market share and raise prices higher than before dumping occurred because of less competition. While some consider this practice just a part of a true competitive market, others see it as unfair business practice that should be regulated.

This recommendation by the ITC is a second step in the antidumping case brought by the Whirlpool Corporation (NYSE:WHR) against two if its main rivals from South Korea – Samsung Electronics Co. Ltd. (KRX:005930) and LG Electronics Inc. (KRX:066570). ITC’s initial decision from October 2017 – which applied only to large commercial washers – was that Samsung and LG “have seriously injured American manufacturers and workers” with underpriced imported washers.

In the first year, the tariff imposed will be 20% on every washer imported up to 1.2 million units and 50% on every subsequent unit after that. The tariffs will be lowered in the following two years. Additionally, this move will impose tariffs of up to 30% on imported solar panels. Just like the ITC recommendation was a response to Whirlpool’s case, the solar cell recommendation came as a response to a case filed with the commission by Suniva Inc., which filed for bankruptcy in the April 2017.

Exclusive  “The Fed Disaster Plan” Creates a Financial Crisis

Whether this move will be effective in curbing the dumping practice remains to be seen. However, share prices of the domestic manufacturers of washing machines, such as the Whirlpool Corporation or the General Electric Company (NYSE:GE), could seize the opportunity to rise, at least in the short term.





Ned Piplovic is the assistant editor of website content at Eagle Financial Publications. He graduated from Columbia University with a Bachelor’s degree in Economics and Philosophy. Prior to joining Eagle, Ned spent 15 years in corporate operations and financial management. Ned writes for and


share on:

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE

share on:


Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

  • Forecasts & Strategies
  • Home Run Trader
  • Fast Money Alert
  • Five Star Trader
  • TNT Trader

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

  • Cash Machine
  • Premium Income PRO (exclusively for subscribers of Cash Machine)
  • Quick Income Trader
  • Breakout Options Alert
  • Hi-Tech Trader

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

  • Successful Investing
  • High Velocity Options
  • Intelligence Report
  • Bullseye Stock Trader
  • Eagle Eye Opener

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

  • Retirement Watch
  • Retirement Watch Spotlight Series
  • Lifetime Retirement Protection Program

Jon Johnson

Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:

Product Details

  • Investment House Daily
  • Stock of the Week
  • Technical Traders Alert
  • Rapid Profits Stock Trader

Used by financial advisors and individual investors all over the world, is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

  • Dividend Investor