Whirlpool shares plunge 14.5%, post worst day since 1987 as tariffs wreak havoc with costs and supp

[ABX]

They just need to accept that a few eggs need to be broken to make this MAGA omlete. Maybe if we think these US businesses are too big to fail, some sort of bailout can be given to them.

Better yet, if these industries are so important, maybe we should nationalize them.

The U.S. based washing machine giant who was once in favor of stricter trade controls for its own industry.
Whirpool shares plummeted Tuesday after executives blamed rising steel and aluminum costs for diminished quarterly earnings.
Washing machines are one example of how tariffs can have unexpected and adverse effects on the domestic companies the policies attempt to protect.....

https://www.cnbc.com/2018/07/24/whirlpool-stock-plunges-as-tariffs-hit-suppliers-steel-costs.html

[Wingnut]

Whirlpool's sales in the United States fell 2.2% last quarter due to "very slow market demand," Bitzer said. In Europe, the Middle East and Africa, the company's second largest market, sales tumbled 12%.

The company hinted that it planned to continue raising prices to offset raw material inflation, which means that consumers holding out for a cheaper dryer might have to wait a while.

Despite more expensive units, Whirlpool expects sales to recover in the United States in part from a growing economy. "We are encouraged by the strength of the US economy, including low unemployment and healthy housing demand," said CFO James Peters.

[Frank Cannon]

Funny that the article doesn't focus on real things that blew a hole in Whirlpools earnings like the truckers strike in South America and management problems in their European division.