This company thinks it will be a 'winner' from Trump's tariffs
Whirlpool produces around 80% of its products in the US, it said in a presentation this week.
"Expect tariff policies to level the playing field for domestic producers," it said.
"With 80% domestic production, Whirlpool is a net winner of new tariff policies!" — the company said in a presentation released alongside its first quarter this week.
Whirlpool manufactures kitchen and laundry appliances, operating brands including KitchenAid, Whirlpool, and JennAir.
"Expect tariff policies to level the playing field for domestic producers," the presentation, which was positive about Trump's tariffs, said.
In the same presentation, Whirlpool accused companies producing products in Asia of exploiting "loopholes" since 2020 that enable them to make the same product for a cheaper cost, with a $70-per-unit price difference.
From cheaper steel prices and no steel tariffs paid on components in Asia's supply chain, Whirlpool believes the tariffs will "eliminate this unfair disadvantage."
To mitigate the impact of the tariffs, the company announced a price increase for components in April.
Whirlpool has 10 production plants based in the US, and around 80% of its products are assembled and sold in the US.
"New reciprocal tariffs begin leveling the playing field, and additional US trade actions will better support American manufacturing."
"We continue to stay focused on what is within our control in this dynamic environment and successfully implemented previously announced pricing actions," said Jim Peters, Whirlpool's chief financial and administrative officer.
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With early warning signs already visible, the next few quarters will reveal whether these shifts are temporary tremors or the start of a deeper downturn for Europe's workforce. If the combination of tariff pressure and eroding rights persists, the cost could be measured not only in lost jobs, but in lasting damage to workers' bargaining power for years to come. Error while retrieving data Sign in to access your portfolio Error while retrieving data
