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's planned 25% tariffs on all steel and aluminum imports would be added onto other levies on ...
European leaders said that they would respond firmly to higher levies on steel and aluminum, but they had yet to say what ...
Which nation ultimately bears the cost of a tariff depends on what that country makes and its pull in the global market.
Brazilian steelmakers lobby group Aco Brasil said on Tuesday that it was "surprised" by the 25% tariffs imposed by the U.S.
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