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Sabrina Siddiqui

đŸ‘€ Speaker
443 total appearances

Appearances Over Time

Podcast Appearances

WSJ What’s News
Tariffs’ Messy Reality: The Cost-of-Living Election | Part 1: Ohio

But in its filing documents, Steinway said tariffs, including retaliatory ones, could slow their production of instruments and, quote, harm our business, reputation, and relationships with our customers.

WSJ What’s News
Tariffs’ Messy Reality: The Cost-of-Living Election | Part 1: Ohio

It also identified China as a growing market, thanks to consumers increasing discretionary spending and government support for music and the arts.

WSJ What’s News
Tariffs’ Messy Reality: The Cost-of-Living Election | Part 1: Ohio

China's gain may be Eastlake's loss, but in under two hours, you can drive to a factory, a much bigger one, that says it's winning as a result of President Trump's trade policy.

WSJ What’s News
Tariffs’ Messy Reality: The Cost-of-Living Election | Part 1: Ohio

At Whirlpool's Washing Machine Factory in Clyde, Ohio, they take safety pretty seriously.

WSJ What’s News
Tariffs’ Messy Reality: The Cost-of-Living Election | Part 1: Ohio

This plant is as big as 30 football fields put together.

WSJ What’s News
Tariffs’ Messy Reality: The Cost-of-Living Election | Part 1: Ohio

At full tilt, it can pump out 22,000 washing machines a day.

WSJ What’s News
Tariffs’ Messy Reality: The Cost-of-Living Election | Part 1: Ohio

On the day I visited last month, Whirlpool announced a new production facility, its sixth in the state of Ohio, that in the next two years will create between 100 and 150 new jobs.

WSJ What’s News
Tariffs’ Messy Reality: The Cost-of-Living Election | Part 1: Ohio

That's roughly as many as will be lost at Conselmer in Eastlake.

WSJ What’s News
Tariffs’ Messy Reality: The Cost-of-Living Election | Part 1: Ohio

The way Whirlpool sees it, the Trump administration's tariffs are leveling the playing field.

WSJ What’s News
Tariffs’ Messy Reality: The Cost-of-Living Election | Part 1: Ohio

The company's CEO, Mark Bitzer, brought up the phrase five times in my sit-down with him.

WSJ What’s News
Tariffs’ Messy Reality: The Cost-of-Living Election | Part 1: Ohio

In other words, China subsidizes its steel, which makes it artificially cheaper.

WSJ What’s News
Tariffs’ Messy Reality: The Cost-of-Living Election | Part 1: Ohio

Taxing it through tariffs makes U.S.-made steel more competitive by comparison.

WSJ What’s News
Tariffs’ Messy Reality: The Cost-of-Living Election | Part 1: Ohio

And steel is a big deal for Whirlpool.

WSJ What’s News
Tariffs’ Messy Reality: The Cost-of-Living Election | Part 1: Ohio

Bitzer says it makes up half the weight of a washing machine.

WSJ What’s News
Tariffs’ Messy Reality: The Cost-of-Living Election | Part 1: Ohio

In recent years, 96% of the steel Whirlpool uses is made in the U.S.,

WSJ What’s News
Tariffs’ Messy Reality: The Cost-of-Living Election | Part 1: Ohio

So they're not paying tariffs on that.

WSJ What’s News
Tariffs’ Messy Reality: The Cost-of-Living Election | Part 1: Ohio

But that metal is more expensive than what they would get from China.

WSJ What’s News
Tariffs’ Messy Reality: The Cost-of-Living Election | Part 1: Ohio

Last year, Trump doubled the tariffs on steel from 25 to 50 percent.

WSJ What’s News
Tariffs’ Messy Reality: The Cost-of-Living Election | Part 1: Ohio

Whirlpool's U.S.

WSJ What’s News
Tariffs’ Messy Reality: The Cost-of-Living Election | Part 1: Ohio

competitors now have to pay more for foreign steel.