Remember the price spikes for appliances after Trump’s tariffs? Well, they’re fading away - MarketWatch
"An army of studies have contended for months that President Trump’s import tariffs were costing American families hundreds of dollars a year through higher prices of goods such as washers and dryers.
The only problem is, there’s not much evidence.
Take washers and dryers.
Prices did spike after tariffs took effect in mid-2018 on models manufactured outside the U.S.
And it still costs about 6% more to buy a laundry appliance now than it did last year.
But the cost of new appliances have started to fall, government data show..."
Most goods and services affect by tariffs never saw any price spike at all, however..."
Read all.
The only problem is, there’s not much evidence.
Take washers and dryers.
Prices did spike after tariffs took effect in mid-2018 on models manufactured outside the U.S.
And it still costs about 6% more to buy a laundry appliance now than it did last year.
But the cost of new appliances have started to fall, government data show..."
Most goods and services affect by tariffs never saw any price spike at all, however..."
Read all.
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