US EditionCleveland Fed: Tariffs Are Raising some Prices in Ohio, Pennsylvania, West Virginia, and Kentucky
- The U.S. Commerce Department announced on June 12 that 50% tariffs on steel and aluminum content in imported home appliances will take effect on June 23.
- This tariff increase builds on the March adjustment that raised duties from 25% to 50% on steel and aluminum imports, implemented due to concerns about unfair trade actions posing risks to national security.
- The expanded tariffs apply to steel and aluminum used in eight types of home appliances, such as refrigerators, washers, dryers, stoves, and similar products, adding further financial strain amid already high steel costs.
- The Cleveland Fed reported last week that these tariffs are causing cost increases for businesses in Ohio, Pennsylvania, Kentucky, and West Virginia, with some manufacturers raising prices to offset tariffs.
- As a result, the tariffs may reduce U.S. industrial output and contribute to low consumer confidence, while public disapproval of the tariffs' economic impact and the administration's handling of the economy remains strong.
29 Articles
29 Articles
Trump’s 50% Steel Tariffs Could Make Household Appliances More Expensive - RetailWire
A 50% tariff on imported “steel-derivative products” is set to take effect on June 23, according to a notice released by the U.S. Commerce Department. Once the new customs fee begins, consumers are likely to see price hikes on several household appliances, like dishwashers, washers, dryers, garbage disposals, and refrigerators. In March, the Trump administration implemented a 25% tariff on steel and aluminum. Earlier this month, the fee was rais…
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eldiariodechihuahua.mxImported appliances, such as washing machines and refrigerators, will be subject to extended tariffs on US steel from June 23.
Cleveland Fed: Tariffs are raising some prices in Ohio, Pennsylvania, West Virginia, and Kentucky • Pennsylvania Capital-Star
President Donald Trump holds up a chart while speaking during a “Make America Wealthy Again” trade announcement event in the Rose Garden at the White House on April 2, 2025 in Washington, D.C. (Photo by Chip Somodevilla/Getty Images)Tariffs — and uncertainty over them — are forcing up costs for businesses in Ohio and parts of Pennsylvania and two other states, according to market surveillance published last week by the Federal Reserve Bank of C…
Trump Steel Tariffs Expanded to Hit Home Appliances
“Washing machines, refrigerators and other common household appliances made with steel parts will soon be subject to expanded tariffs,“ the New York Times reports. “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.”
Cleveland Fed: Tariffs are raising some prices in Ohio, Pennsylvania, West Virginia, and Kentucky
Since taking office, Trump has announced a bewildering array of on-again, off-again tariffs, including 50% ones on steel and aluminum that took effect last week.
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