whirlpool blames unfair competition from samsung and lg. and u.s. regulators have agreed. repeatedly. in a 2013 decision, they slapped a tariff on washers made in south korea. >> and before the order could go into effect, rather than comply with the u.s. government orders, lg and samsung moved their production to china. >> reporter: 2017, another whirlpool complaint, another riff-- this time against washers made in china. >> and this time, they moved to thailand and vietnam. >> you've got trade in this case being a bit like water. you're trying to plug one leak in one place, and it's just coming up in a different one. >> reporter: for their parts, lg and samsung deny that decisions about factory locations were driven by tariffs. but even if they were, says economist chad bown, so what? >> it's very normal an completely legal. it may be, in fact, evidence thng the company is just sel a product that consumers really, really want touy and that they are really good at producing it. >> reporter: now, those two earlier rounds of tariprs were under ident obama. >> usa! usa! >> re

and unlike the earlier complaints, whirlpool would not have to prove that lg and samsung had done anything illegal, or even unfair. >> all you have to show is that the imports coming in from the world are coming in. and they're hurting yourom domesticny. >> reporter: the u.s. international trade commission agreed, and in january, trum announced a big new tax on foreign washers. >> a big industry. a lot bigger than people would understand. >> for this first year, anymp y importing washing machines to the u.s. is hit with a 20% tariff for the first 1.2 million machines that they bring in. now any subsequent washing machines they bring in after that 1.2 million mark are hitth 50% tariff. so it is pretty steep. >> reporter: and sure enough, prices are going up. a lot. ed far this spring, they've spik7%. and it's not just foreign washers that are more expensive now-- whirlpool has rais prices, too. it blames higher costs, but as soumaya keynes points out: >> the whole point of this tariff is to give the domestic industry relief. so if it works, then whirlpool is supposed to be able to increase

working on capacity issues, and lg for one, the second supplier now, is still working to ramp up capacity and there is still a question of what the fines will be for samsungand the question of whether the apple'sill really like new oled phones. we will have to see what happens there. haidi: thank you for that. it's take a look at tictok. is the first global news network design for social media offering live video coverage and hourly updated news reports verified by bloomberg. follow tictoc if you haven't already. this is bloomberg. ♪ ♪ rishaad: time for our battle of the charts, pitting the best charts against one another. you can run the function right there at the bottom of your screen. let's start off with juliet. >> i am looking at migration. this fear index coming through comingpe, a lot of focus through in terms of migration and immigration policies across the world. 1414 tracks migration fear. they count the number of newspaper articles with at least one term from the term sets, migration or fear, border control, fear, anxiety, panic, windowsttacks, and appear in a newspaper article and we divide that by the total count of newspaper articles and th

when we look at washing minnesotas and now we have lg and samsung right here in the usa making washing machines. tbhathey do work. but there's a much bigger picture that the president is operating on. the tariffs are one piece of the larger puzzle of putting americans back in control of their future. charles: if the gop loses the house, that diminishes this whole argument. >> right now the gop is trump's gop. if he loshe house, he doesn't have the ability to pass a lot of his agenda and that could be a problem. charles: more news nowm tesla's annual meeting. the company plans to build a new factory in shanghai. remember they lowered their prices there recently based on the overtures made by the chinese government. we'll keep you abreast of further news that happens as we speak. >>> the economy firing at all cylinders, positive data pouring in every second of the day. ints driving that and how much further it has to go next. it's easy to think that all money managers are pretty much the same. . >> president trump promised that he would cut tactses, reduce taxes on small business and red

lg and samsung, two of the main foreign competitors are rapidly expanding facilities here in the u.s.re now for the first time really seeking out parts suppliers and component manufacturers here in the u.s. >> just back up to the zte deal again, we're getting some questions. who picks the chairman of the company? does the u.s. pick the chairman? will it be an american how will that work for zte >> no, this was a publicly quoted company that had had a $30 billion market cap before we took our action. the shareholders will take care of the new board and the new management the part that we will take care of is the key part it's not our job to make cell phones it is our job to make sure they don't violate sanctions, that's why we will be putting our own compliance regime in and our own compliance people. >> will they be americans? will that be an outside company or consulting firm that you would hire to oversee this >> no, it will be individuals. it will be individuals who are community in chinese, because this is going to affect the total company, not just the american part of the compan

the biggest two manufactures of the technology are samsung, using it for its own phones, and apple might get what is left over. and then lgis place, which can only be used in small displays like apple watch. the reason all these shares are falling, those guys can't make it. if they can't make it, how will they get the technology? that seems to be the strange dichotomy in the middle of this. >> we are looking at china's biggest ipo since 2015. winning the backing of some country's top tech companies. who is buying into foxconn share sales? >> baidu, alibaba, and tencent. they are all buying into this. strategic investors, 21.8 million shares apiece at roughly 13-14 yuan per share. this is the unit which is the main assembler for apple. the company unit is called foxconn industrial internet, and clearly baidu, alibaba, and tencent want to get a slice of the action. they hope to raise about $4.3 billion they will plow into things like 5g wireless and smart manufacturing, and again, it highlights not just interest in the unit, but the cloud of these companies when it comes to investing across the tech space in china. >> the u