Trump admin.'s washing machine tariffs are costing Americans almost $100 more per appliance.
conducted by two researchers at the University of Chicago and a Federal Reserve Board Governor found that washers cost an average of 12 percent more after the imposition of the tariffs, or roughly $86 to $92 more per appliance.
Collectively, Americans are paying more than $1.5 billion extra every year from this tariff alone. Another recent study by a trio of economists from Princeton and Columbia universities and the New York Fed found that the combined impact of all the Trump administration’s trade sanctions costs Americans $1.4 billion each month.
The researchers found that the price of clothes dryers rose in tandem with washing machine price increases, even though dryers weren’t impacted by the tariffs. The study also found that domestically manufacturers raised prices on their washing machines, as well. All the big brands studied raised their prices by a range of 5 percent to as much as 17 percent.
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