Trade data shows that foreign manufacturers of washing machines and solar panels are stepping up their efforts to ship their products to the US before the US government decides whether to add trade barriers.
Prior to this, US home appliance giant Whirlpool Co. (WHR) and solar panel maker Suniva Inc. recently asked the Donald Trump government to use the power conferred by a controversial trade law. The law gives Trump extensive discretion on tariffs and quotas. These two cases will initially test Trump's US priority trade policy and its commitment to help American manufacturers and workers.
Research firm Panjiva's analysis of Customs and US Census Bureau data shows that the number of domestic washing machines shipped to US ports in November more than doubled year-on-year. In the previous month, US regulators compared Whirlpool with South Korean rival Samsung Electronics Co., Ltd. (Samsung Electronics Co.) ) The trade dispute with LG Electronics Co. (LG Electronics Co.) made a ruling in favor of Whirlpool. Samsung and LG's share of the US washing machine retail market last year totaled 35%, which was basically the same as Whirlpool.
Longbow Research analyst David MacGregor said that at this rate of import growth, the number of washing machines shipped to the United States could reach six months remaining before any tariff measures came into effect.
According to Panjiva's trade data, the size of US imports of solar panels and related products in November also more than doubled, equivalent to 12,379 containers.
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