Expect Trump's Tariffs to Hike the Price of Home Appliances. Experts Share Tips for Saving Now

Key takeaways Tariffs imposed by the Trump administration, particularly on steel, aluminum and goods from Mexico, Canada and China, are expected to drive up prices for home appliances. Appliances with imported components and those assembled outside of the US are especially vulnerable to price hikes because of tariffs. Smart appliances containing semiconductor chips may face even higher price increases if additional tariffs are placed on semiconductors. Experts advise purchasing necessary appliances sooner rather than later because of potential future price increases and suggest looking for sales or building a savings fund to offset costs. Over the last few months, you've probably heard more about tariffs than you ever have before. 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 that new tariffs on steel and aluminum imports would kick in today, which could hit home ... Read full article.