LG Electronics Inc said it will hike prices on its washing machines sold in the US after the Trump administration slapped tariffs on large imported residential washing machines.
The South Korean government’s plan to file a WTO petition against U.S. safeguard measures is unlikely to buoy the spirits of local exporters, as previous cases have proven ineffective.
China and South Korea condemned steep import tariffs on washing machines and solar panels imposed by U.S. President Donald Trump, with Seoul set to complain to the WTO over the "excessive" move.
U.S. Trade Representative Robert Lighthizer announced on January 22 that U.S. President Donald Trump decided to impose safeguard measures on washing machines and solar panels imported from South Korea
The WTO set a dealine 19/1/2018 for the United States to eliminate irregularities in its anti-dumping and anti-subsidy measures against products imported from China.
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