The worst of the financial impact of U.S. tariffs on appliance manufacturers may have passed. Both Whirlpool and Electrolux reported improved profitability in 1Q 2019 as a consequence of increased prices. Electrolux CFO Therese Friberg has stated that the price rises has “fully offset” tariffs while the firm has also cut its assessment of the drag to profits in 2019 by nearly a quarter. The higher prices have come at the cost of “somewhat weaker demand” in North America. U.S. imports of washers in the first three months of 2019 may already have reached 1.35 mil...
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