Whirlpool Makes the Case for Protectionism -2-
Samsung announced plans earlier this year to take over a former Caterpillar Inc. plant in South Carolina, and estimated the project could lead to nearly 1,000 new jobs by 2020. People familiar with Samsung's case said the company wanted to move production closer to the U.S. market but declined to the say whether the decision to locate a factory here was related to the anti-dumping tariffs.
Samsung likened Whirlpool to American car companies seeking government trade protection in the 1980s when consumers ultimately wanted smaller, energy-efficient cars from Japanese auto makers.
"Today we're all better off," Shara Aranoff, an attorney for Samsung, told regulators at the trade commission hearing in September. "American auto makers have become much more competitive, foreign auto makers have established U.S. production creating thousands of American jobs, and consumers have more and better choices."
--Jacob M. Schlesinger in Washington contributed to this article.
(END) Dow Jones Newswires
October 04, 2017 15:08 ET (19:08 GMT)