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Whirlpool expects $300 million in tariff-related costs in 2019
Source: Reuters
BUSINESS NEWS OCTOBER 25, 2018 / 9:23 AM / UPDATED 36 MINUTES AGO
Whirlpool expects $300 million in tariff-related costs in 2019
(Reuters) - U.S. home appliances maker Whirlpool Corp (WHR.N) expects $300 million in costs related to tariffs in 2019, company executives said on an post-earnings call on Thursday.
The company said it expects to increase prices to offset higher raw material and tariff costs in 2019.
Whirlpool has so far been able to counter higher tariff costs by raising prices.
Reporting by Rachit Vats and Ankit Ajmera in Bengaluru; Editing by Saumyadeb Chakrabarty
Whirlpool expects $300 million in tariff-related costs in 2019
(Reuters) - U.S. home appliances maker Whirlpool Corp (WHR.N) expects $300 million in costs related to tariffs in 2019, company executives said on an post-earnings call on Thursday.
The company said it expects to increase prices to offset higher raw material and tariff costs in 2019.
Whirlpool has so far been able to counter higher tariff costs by raising prices.
Reporting by Rachit Vats and Ankit Ajmera in Bengaluru; Editing by Saumyadeb Chakrabarty
https://www.reuters.com/article/us-whirlpool-tariffs/whirlpool-expects-300-million-in-tariff-related-costs-in-2019-idUSKCN1MZ1ZR
2 replies
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= new reply since forum marked as read
You'll be able to afford the higher prices on American made washing machines because you got that big tax cut, right?
Oh wait ............
