Sunday, December 17, 2017

Anatomy of a tariff

Great WP column by George Will today discussing the likely tariff the US will be imposing on washers and dryers.  This is a classic case where the largest domestic producer Whirlpool has bought out its biggest domestic rival (Maytag) but now claims it needs to be protected from Samsung and LG who have produced more innovative machines at lower prices.  Money quote: Whirlpool is "more adept at manipulating Washington than it is at making washing machines."

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