Trump Wants You to Pay MORE for the Steel in Your Appliances

OUTSTANDING!

Hit consumers with something that costs them money and they HAVE to have!

Pure Genius!

Last time Trump tried this it cost MORE than it Made….

 

Washing machines, refrigerators and other common household appliances made with steel parts will soon be subject to expanded tariffs, the Commerce Department said Thursday.

The department said in a notice that levies would take effect on so-called steel derivative products on June 23 and will be set at 50 percent, the current level for all other steel and aluminum imports. The new tariffs will apply to the value of steel content in each import, the notice said.

While many products have become subject to higher import taxes under President Trump’s aggressive trade policy, Thursday’s announcement was one of the first times this year that everyday consumer goods were specifically targeted. The result will also apply to imported dishwashers, dryers, stoves and food waste disposals, and could translate into higher costs for American households.

Thursday’s move came one week after the Trump administration doubled tariffs on steel and aluminum products — and it follows wave after wave of similar moves that have targeted cars, auto parts and other goods from many of America’s trading partners. The government said the action was necessary to address “trade practices that undermine national security.” The new tariffs are meant to shield American-made appliances that are made with steel from cheaper foreign-made products….

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Economic studies of the steel tariffs from Mr. Trump’s first term have come to similar conclusions, finding that the levies stimulated the domestic industry but also at significant costs. An analysispublished in 2023 by the U.S. International Trade Commission, an independent, bipartisan agency, found that the metal tariffs encouraged buyers of steel and aluminum to purchase more from American sources, and expanded U.S. steel and aluminum production by about $2.25 billion in 2021.

But they raised production costs for firms making automobiles, tools and industrial machinery, which use large amounts of metal in their manufacturing. That shrank production in those and other downstream industries by about $3.48 billion in 2021, more than offsetting the gains to metal makers….

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