The cost of tariffs put on the appliances last year was passed on to U.S. consumers, according to new research.
Critics of President Donald Trump’s steel and aluminum tariffs say the policies hurt U.S. manufacturers that use a lot of those materials. And one industry likely to feel the pinch of higher production costs: home appliance manufacturers. Still, at least one major domestic appliance company, Whirlpool Corp., may come out ahead, thanks to another protective […]
The president built our trade wall a little bit higher this week. He signed off on new import taxes, or tariffs, on foreign-made washing machines and solar panels. China dominates the solar market but at the White House, Trump declared, “there won’t be a trade war.” Is he so sure the Chinese won’t retaliate?
President Donald Trump has a new trade decision on his plate: whether to impose tariffs on imported washing machines. The International Trade Commission has recommended a 50 percent tax on some foreign manufacturers. This is the type of case with huge political leeway for the president, and other industries seeking protection are watching closely. Click […]