Will Donald Trumps tariffs hurt US consumers
Trump imposed a 50 tariff on imports of washing machines in 2018. Researchers estimate the value of washing machines jumped by around 12 as a direct consequence, equivalent to $86 per unit, and that US consumers paid around $1.5bn extra a year in total for these products.
Posted by Hicham ALAOUI RIZQ on 2025, Feb 02
Introduction
Trump imposed a 50 tariff on imports of washing machines in 2018. Researchers estimate the value of washing machines jumped by around 12 as a direct consequence, equivalent to $86 per unit, and that US consumers paid around $1.5bn extra a year in total for these products.
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