Washing machines reveal how trade and competition are linked
The saga of Whirlpool’s efforts to secure protection
AMERICAN WASHING-MACHINE makers received a parting gift from President Donald Trump. Days before leaving office, he extended tariffs on imported machines by two years. The move was a victory for Whirlpool, an appliance-maker that has sought protection for nearly a decade. The saga is a case study of the impact of protectionism on competition at home.
This article appeared in the Finance & economics section of the print edition under the headline “Rinse and repeat”
Finance & economics February 13th 2021
- Should governments in emerging economies worry about their debt?
- Why the prices of both oil and the metals that seek to replace it are rising
- Inflation will rise in the coming months
- European banks need new chiefs
- Lessons in betting against bubbles from the Big Short
- Washing machines reveal how trade and competition are linked
- China leads in precision-guided central banking. Does it work?
From the February 13th 2021 edition
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