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ITC finds U.S. washing machine makers hurt by Samsung, LG imports Updated: 2017-10-06 07:22:27 KST

Let's start things off on the trade front.
The U.S. International Trade Commission unanimously ruled on Thursday that domestic producers are being harmed by washing machine imports from abroad.
This comes after American appliance giant Whirlpool called for measures to stop its Korean rivals such as Samsung and LG from flooding the local market with cheaper products.
Safeguards include imposing tariffs, to protect a local industry from either a sudden jump in imports or unfair trade practices.
However, such measures are subject to a public hearing and presidential approval before it can take effect.
Samsung and LG accused Whirlpool of trying to manipulate U.S. trade laws to make up for its failure to keep up with consumer preferences.
The ITC is set to give its recommendation on the matter to President Trump by December 4th.
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