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LG Electronics to hike washer prices in U.S. after tariffs

Posted by: Admin | Posted on: January 24th, 2018 | 0 Comments

(Reuters) – The U.S. unit of LG Electronics Inc (066570.KS) will raise prices of most of its washers in the United States after the government announced tariffs on imports of large, residential washers, according to a letter sent by LG to its partners.

U.S. President Donald Trump approved recommendations to impose safeguard tariffs on imported large residential washing machines and imported solar cells and modules, a trade official said on Monday.

Reporting by Arunima Banerjee in Bengaluru; editing by Sai Sachin Ravikumar

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