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International Business Times UK
International Business Times UK
David Unyime Nkanta

Samsung, GE and LG Accused of Sneaky $700 Price Drop on Washers to Evade Trump's 60% Tariffs

Major appliance makers Samsung, GE and LG are facing scrutiny from regulators and rivals over allegations they slashed washing machine prices by as much as $700 in early June 2025 to sidestep steep tariffs introduced by Donald Trump's administration.

The move has sparked concern among regulators and domestic competitors, who argue that the tactic undermines the intent of the tariff regime, which is designed to protect US manufacturing.

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