The Trump administration will soon ensure that its 50% steel tariffs, which have threatened to make everything containing steel more expensive, will apply to your next fridge or dishwasher.
The Commerce Department, in a notice set to be published in the federal register Monday, said the recently increased steel tariffs would also apply to consumer appliances that contain steel. Those so-called derivative products will be taxed an additional 50% for the amount of steel they contain, starting on June 23.
Those products will include refrigerators, dryers, washing machines, dishwashers, freezers, ovens,
→ Continue reading at CNN - Business News