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U.S. to Slap Antidumping Duties on LG, Samsung Fridges

[2012-03-21 12:10:39]


The U.S. Department of Commerce said on March 19, 2012 it has decided to impose antidumping tariffs on refrigerators made by Samsung Electronics Co. and LG Electronics Inc., which Whirlpool Corp. accused of being sold at below-market prices.

The department said that it will impose antidumping duties of as much as 30.34 percent on fridge-freezers manufactured by South Korea's Samsung Electronics and LG Electronics.

The case will be referred to the U.S. International Trade Commission, which is set to soon make its final ruling on the duties.

Samsung Electronics may pay an antidumping tariff of 15.95 percent for refrigerators produced in Mexico and 5.16 percent for those from South Korea, the department said.

LG Electronics will likely pay 30.34 percent for products made in Mexico and 15.41 percent on South Korea units, it said.

Whirlpool has lodged a series of petitions against South Korean home appliance manufacturers, citing their alleged unlawful trade practices.
Source: Yonhap
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