Tariff-cheerleeding Whirlpool raises prices; stock tanks

[Ted Frazier]

When tariffs on imported washing machines went into effect, Whirlpool was elated.
But they forgot to consider that some of the parts in these machines are made up of steel and aluminum, also hit by tariffs.

Now this is happening:

The company responded by raising prices on washing machines in the United States, causing some demand to fall.

Whirlpool's (WHR) stock tanked 10% premarket Tuesday after it missed Wall Street's expectations and it cut its full-year outlook in part due to higher costs.

Whirlpool loved Trump's tariffs. Now it's struggling

 

[Harpy Eagle]

There will be 10 of these stories for every “the plant reopened” story.


Sent from my iPhone using USMessageBoard.com

 

[ColonelAngus]

“The company responded by raising prices on washing machines in the United States, causing some demand to fall.“

If I have to pay more for a washing machine, I will wash my clothes by hand!!

 

[BlackFlag]

Well, Trump’s dying, 80 year old billionaire Commerce Secretary did say that the peasantry needs to absorb some pain

 

[Ted Frazier]

“The company responded by raising prices on washing machines in the United States, causing some demand to fall.“

If I have to pay more for a washing machine, I will wash my clothes by hand!!

Demand has dropped. People are buying fewer Whirlpool washing machines, whether you make jokes or not.