Home appliance giant Whirlpool (WHR - Get Report) has won the backing of the U.S. International Trade Commission in its attempt to limit competition from foreign washing machines manufacturers, the Wall Street Journal reports.
Shares of Whirlpool were rising in afternoon trading on Thursday following the ruling.
In a 4-0 vote, the ITC approved the petition from Whirpool requesting protection from in the U.S. market from South Korean competitors Samsung Electronics Co. (SSNLF) and LG Electronics Inc. (LGEAF) .
The vote was made on the grounds that U.S. companies have the right to secure broad protection if they can demonstrate they sustained "serious injury" from a flood of imports.
The ruling is also seen as a victory for the Trump administration to step up its efforts as it relates to trade enforcement.
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