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Over the last few months, you’ve probably heard more than you ever have about tariffs. Tariffs have been a big focus of President Donald Trump’s second term, and many companies have announced price hikes to offset tariff costs.
Trump recently announced new 50% tariffs on steel and aluminum imports last week, a move that could hit home appliances particularly hard.
“We expect home appliance prices to rise this year, especially for mid-range and premium models that rely heavily on imported parts and materials,” said David Warrick, executive vice president at Overhaul, a supply chain management platform, and former head of global supply chain technology at Microsoft.
Larger home appliances could be the most susceptible to price hikes. “Refrigerators, dishwashers, and washing machines are particularly vulnerable because they often include a high percentage of foreign components — even when final assembly happens in the US,” said Warrick.
CNET has been covering the Trump administration’s tariff policy and changes, and we’ve already seen manufacturers and retailers raise prices on laptops, toys and groceries. Before you panic-buy a home appliance, here’s what you need to know about tariffs and how they could increase appliance prices this year.
How do tariffs impact home appliance prices?
We could see home appliance prices rise on products that are made in countries hit with tariffs. Because tariffs are paid by the importing company, the costs are typically passed along to the consumer in the form of higher prices, although the price hike may not be a 1-to-1 ratio with the tariff rate.
The tariffs that most threaten home appliances include the 50% tariff on all steel and aluminum imports, the 25% tariff on imported goods from Mexico and Canada, and the 30% tariff on imports from China. Higher tariffs on Mexico, Canada, and China have been temporarily halted, but this could change in the coming months.
Tariffs don’t only apply to assembled products that are made elsewhere and then shipped here to be sold. Many products that are assembled in the US involve imported components.
Materials like steel and aluminum are often imported, as are pumps, motors, and hoses, so appliances that include those parts could see notable price increases, according to Travis Tokar, a professor of supply chain management at Texas Christian University.
How tariffs impact home appliance prices could also vary depending on the type of appliance, the size, and where it’s manufactured.
“A lot of this will depend on the agreement with Mexico since many large appliances are assembled in Mexico,” said Patti Jordan, associate professor of professional practice at the Neely School of Business. “Product[s] manufactured primarily in China, such as vacuum cleaners, air purifiers, and small appliances, will most definitely be impacted.”
The Trump administration has also wavered on its tariff policy, making it difficult for the industry to predict what’s next. “It’s the off-and-on tariff strategy that is leading to the supply chain instability more so than the tariffs — at least so far,” Buffington added.
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Trump’s new steel and aluminum tariffs could increase the price of appliances.
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