Trump announces adjustments to tariff quotas for washing machines

President says domestic producers have done better against foreign competition, but there is more work to do

WASHINGTON -- President Donald Trump announced on Thursday that tariff quotas on washing machines would be allocated on a quarterly rather than an annual basis, saying that domestic producers had begun to do better in the face of foreign competitors but more was left to be done.

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“I have... determined that additional action is necessary to eliminate circumvention of the adjustments to (tariff-rate quotas) on large residential washing machines, by ensuring that within-quota quantities of imports of washers are spread throughout the year,” he said in a presidential proclamation.

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Under the original quota system, an annual limit was placed on washer imports. As of Feb.7, the administration will allocate the quota on a quarterly basis, with within-quota quantities of 1.2 million washers.

The Trump administration announced here in 2018 it would impose tariffs of up to 50 percent on imports of washing machines and key components.

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In response to the tariffs, LG Electronics Inc (066570.KS) said last year it would raise prices of its washing machines in the United States by about 4 to 8 percent.