Why Tariffs Meant to Protect American Companies Are Backfiring

When the White House introduced its first wave of tariff policies in January, American manufacturers like Whirlpool Corp. expected these competitive trade policies to put them ahead of the game. Following the White House's statement, Whirlpool announced it was hiring 200 full-time workers in Ohio in anticipation of increased product demand. However, it looks like Whirlpool spoke too soon, burning both its bottom line - and its shareholders... Tags: Tariffs To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2018 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Why Tariffs Meant to Protect American Companies Are Backfiring appeared first on Money Morning - We Make Investing Profitable .