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[Clocker]

Originally Posted by incoming

Finally, washing machine repairmen have plenty of work.

Correct.

Meanwhile, appliance-repair businesses are making a killing as consumers put off the purchase of new appliances in favor of the expensive (but relatively cheaper) repairs they wouldn't have purchased in a not-so-long-ago pre-tariff past. Poor protect-me-but-not-thee Whirlpool; this sad turn of events has forced the company to reconsider many of its hopes for expansion.

With imports down, the company planned to add workers at its washer plant in expectation of a new rush of tariff-induced washer sales. Not so fast. Thanks to the many tariffs applied to over $90 billion of imports from China and other places (including inputs and raw materials like steel), Whirlpool not only didn't add 1,300 workers to its Clyde factory in Ohio; it has actually reduced its production. It's therefore unsurprising that Whirlpool's share price is down 15 percent since the washer tariffs were put in place. That's in spite of the massive cut in the corporate income tax rate from 35 to 21 percent and other tax cuts.

https://www.creators.com/read/veroni...the-spin-cycle