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Whirlpool May Face Setback In Samsung/LG Trade Suit

A World Trade Organization (WTO) panel is questioning the U.S. Commerce Department’s methods in calculating the stiff import duties being imposed on certain South Korean washers. The majaps in question, made by Samsung, LG and Daewoo, are subsidized by that country’s government, giving the vendors an unfair pricing advantage, as determined by the Commerce Department in response to a Whirlpool complaint.

“GENEVA South Korea largely won an appeal ruling at the World Trade Organization on Wednesday in a challenge that puts U.S. anti-subsidy duties on Korean-made washing machines in jeopardy. South Korea partially won a ruling from a WTO adjudication panel in March, but both sides appealed part of that judgment.”

Read More at Reuters