Bloomberg Businessweek
ICYMI: Whirlpool Corp. CEO Says Tariffs to Benefit Business Going Forward
Apr 24, 2025
Marc Bitzer, CEO of Whirlpool Corporation, shares insights on navigating global tariffs and their potential benefits for U.S. manufacturing. He discusses Whirlpool's strong quarterly earnings, maintaining a financial outlook amidst economic uncertainty. Bitzer emphasizes the importance of domestic production capabilities and critiques loopholes that hinder local manufacturers. He humorously relates household chore frustrations to broader economic anxieties, reflecting on how businesses must prepare for unpredictability in the market.
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Quick takeaways
- Whirlpool Corp. aims for $15.8 billion in net sales and anticipates over $200 million in cost reductions, despite tariff uncertainties.
- The fluctuating U.S. consumer confidence poses challenges for home appliance spending, impacting manufacturers like Whirlpool amid ongoing economic concerns.
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