Tag: Thomas Yoon

LG will increase washing machine prices due to US tariffs

NEW YORK, United States (AFP) — The US subsidiary of South Korea’s LG Electronics warned retailers on Wednesday that it will raise prices of its washing machines following import duties imposed by the Trump administration this week. It was the first concrete reaction to the trade measures announced this week that have angered US trading partners. “As a result of the trade situation, we will be initiating pricing actions,” Thomas Yoon, executive vice president of […]