Trump's tariffs on steel and aluminum could raise these prices
In the aftermath of steel and aluminum tariffs during Trump's first term, major appliances showed price increases of between 5% and 10% between June 2018 and April 2019, Miller added, citing a monthly government data release. Those price hikes far outpaced an overall inflation rate of around 2%.
U.S. President Donald Trump substantially raised tariffs on steel and aluminum imports on Monday to a flat 25% "without ...
Industry leaders in the U.S. believe the move could spark a trade war and lead to higher prices for American consumers, from appliances to automobiles.
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