First, about 80% of what Whirlpool sells in the U.S. is produced in the U.S. By contrast, only about 25% of the rest of the industry's production is domestic, Bitzer said on the earnings call. In addition, only 5% of what Whirlpool sells in the U.S. is sourced in China. This gives the company a key edge in tariffs imposed on imports to the U.S.

President Donald Trump, speaking in the Oval Office on Wednesday, said he was not willing to pull back tariffs on China. The president also said a news of a new ceasefire and hostage deal proposal for Israel and Hamas could come in the "next 24 hours.