The Wall Street Journal: LG to hike prices on laundry machines after Trump’s tariff

LG Electronics Inc. has told retailers it plans to raise prices on its laundry appliances following President Donald Trump’s approval this week of steep tariffs on imported washing machines.

“As a result of the trade situation, we will be initiating pricing actions, which will be sent under separate cover shortly,” Thomas Yoon, an executive at the South Korean manufacturer, told retailers in a memo dated Wednesday and reviewed by The Wall Street Journal.

Industry experts say they expect LG 066570, +0.98% will raise published retail prices on at least some of its washer and dryer models by approximately $50.

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