Trump' tariffs 'have made washing machines almost $100 more expensive' as new study claims the price of dryers has also gone up In January 2018, President Trump put tariffs on imported washing machines Trump claimed tariffs would benefit domestic American producers But new studies claim that consumers have had to pay more for the products Price of washing machines have gone up by 12 per cent, or $92 per machine
By Ariel Zilber For Dailymail.com
Published: 04:01 BST, 1 May 2019 | Updated: 04:01 BST, 1 May 2019
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Americans are paying nearly $100 more for washing machines thanks to tariffs imposed by President Trump, according to experts.
Two University of Chicago researchers and a Federal Reserve Board Governor found that the price of washing machines rose on average by 12 per cent after the tariffs went into effect.
That translates into roughly $86 to $92 more per machine, according to NBC News.
In January 2018, Trump approved tariffs on imported solar-energy components and large washing machines in an effort to help U.S. manufacturers.
The tariffs started at up to 50 per cent and are expected to phase out in two
