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U.S. yet to follow WTO ruling against tariffs slapped on S. Korean washing machines

All Headlines 16:01 November 23, 2017

SEOUL, Nov. 23 (Yonhap) -- The United States has yet to follow the World Trade Organization's (WTO) ruling last year that calls for the lifting of anti-dumping duties levied on South Korean washing machines, trade officials said Thursday.

In February 2013, the U.S. imposed anti-dumping duties of 9.29 percent and 13.2 percent on imported washing machines made by Samsung Electronics Co. and LG Electronics Co., South Korea' two leading consumer electronics companies, according to the trade ministry.

The Seoul government brought the case to the WTO in August of the same year as it felt that Washington inflated the dumping margins earned by Korean companies. In September last year, the WTO ruled in favor of South Korea as it judged that the U.S. violated the anti-dumping agreement between the two countries.

Under the WTO ruling, the U.S. is obligated to end tariffs on Korean washing machines during a 15-month period that ends on Dec. 26.

Instead of removing the tariffs, however, the U.S. decided in September this year to slap a whopping 82.35 percent tariff on imported washing machines made by Samsung Electronics following its review of deals from 2015-2106, according to the Korea International Trade Association (KITA).

The hefty tariffs on Samsung washing machines came after the company decided not to spend the legal and accounting-related costs required to submit documents demanded by the U.S. International Trade Commission, it said.

As Samsung does not export washing machines from South Korea to the U.S., the heavy tariffs won't have any impact on its earnings results, industry watchers said.

They called on the government to take preemptive steps to avoid the imposition of high anti-dumping tariffs on Korean products by U.S. authorities, rather than later filing a complaint with the WTO.

U.S. yet to follow WTO ruling against tariffs slapped on S. Korean washing machines - 1
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