Crypto Streamers Leaked Unreleased Drake and Future Songs, Earned $83,000 in Rewards

Whirlpool Corp alleges widespread tariff evasion by foreign competitors, claiming they undervalue imports to avoid steep tariffs. The company cites federal data showing a sharp decline in declared customs values for various appliances since June. Despite lower declared values, retail prices have not reflected similar reductions, leading Whirlpool to suspect companies like Samsung, LG, and Haier of undervaluing imports.

Whirlpool Corp (WHR) has raised concerns with the Trump administration about potential tariff evasion by foreign competitors, according to reports. The appliance manufacturer claims that numerous overseas manufacturers are undervaluing their imports to avoid steep tariffs, as indicated by federal data from import paperwork Whirlpool Flags Possible Tariff Evasion By Foreign Competitors^[1].

The company argues that the declared customs value of various appliances has sharply declined since June. For instance, garbage disposals from China fell from an average of $21 to under $8, while gas ranges from Thailand dropped more than half to $175, and washing machines from South Korea plummeted from $838 to $73 Whirlpool Flags Possible Tariff Evasion By Foreign Competitors^[1]. Despite these drops in declared values, retail prices for these products have not reflected similar reductions.

Whirlpool suspects companies like Samsung Electronics (SSNGY, SSNHZ, SSNLF), LG Electronics Inc (LGEIY, LGEJY), and Haier, owner of GE Appliances, of undervaluing their imports. The company produces 80% of its U.S.-bound appliances domestically and has cross-referenced the data with its knowledge of competitor manufacturing facilities Whirlpool Flags Possible Tariff Evasion By Foreign Competitors^[1].

President Trump has made tariffs central to his economic strategy, asserting they boost revenue, support domestic manufacturing, and encourage foreign investment in U.S. production. The administration has promised to clamp down on trade fraud, with the Justice Department establishing a task force to investigate tariff evasion and smuggling Whirlpool Flags Possible Tariff Evasion By Foreign Competitors^[1].

Whirlpool has shared its concerns with U.S. Customs and Border Protection but has yet to file a formal complaint. However, some experts caution that data-entry errors could explain the discrepancies. Nunzio De Filippis, co-CEO of CargoTrans, noted that new steel tariffs introduced in June may have complicated reporting, while Ashley Coxey of Laufer Group International said customs agents are increasing inspections to catch undervaluation Whirlpool Flags Possible Tariff Evasion By Foreign Competitors^[1].

A similar case recently surfaced in California, where the Justice Department accused Barco Uniforms and its suppliers of undervaluing imports from China to avoid tariffs. Barco denied wrongdoing and promised to clear its name in court Whirlpool Flags Possible Tariff Evasion By Foreign Competitors^[1].

The dispute reflects ongoing tensions between U.S. manufacturers and foreign competitors amid a broader crackdown on trade enforcement. In July, Whirlpool reported adjusted earnings per share of $1.34, missing the consensus estimate of $1.78. The company also lowered its EPS guidance from $8.75 to between $5.00 and $7.00, and its adjusted EPS guidance from $10 to between $6.00 and $8.00 Whirlpool Flags Possible Tariff Evasion By Foreign Competitors^[1].