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%.
US Steel ( NYSE: X) seesawed and fell as much as 1.9% after President Donald Trump suggested that tariffs will save the steel ...
Trump's administration maintains that its new tariffs are intended to level the playing field for U.S. and foreign ...
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