Electrolux charges MUSD 85 to Q4 2021 result after arbitration in U.S. tariff case
Electrolux will charge MUSD 85 (MSEK 727) to earnings in the fourth quarter of 2021 after an appeals panel upheld a U.S. Department of Commerce (DOC) decision regarding tariffs on washing machines imported into the U.S. from Mexico in 2016/2017.As previously communicated , Electrolux North America appealed a 2017 decision by the DOC to set a tariff rate of 72.41% on Electrolux washing machines imported into the U.S. from Mexico between February 2016 and January 2017.