Reported 1 day ago
Whirlpool is vocal in its support for tariffs, even as they negatively impacted its recent quarterly results. Despite disappointing earnings and a drop in stock price, the company believes that higher tariffs will ultimately benefit its long-term competitive standing by making it harder for foreign rivals. Whirlpool has raised prices in response to tariffs but also aims to reduce costs by collaborating with suppliers. The company remains optimistic about future consumer demand driven by a recovering housing market and lower interest rates.
Source: YAHOO