Tuesday, January 30, 2018

Thanks Trump: Washing Machine Prices Will Go Up By About 15%


Thanks to new tariffs implemented by the Trump Administration om washing machines, Gary Hufbauer, a senior fellow at the Peterson Institute for International Economics, estimates price hikes on washing machines will range around 15 percent.

And that doesn't include the increases in prices of other products as workers are pulled off other jobs to produce washing machines domestically.

Trump is a statist clown.

  -RW

7 comments:

  1. Raising costs on appliances always, I mean always helps people on lower incomes! /sarcasm

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  2. To that point, an excellent article by John Tamny:

    https://www.forbes.com/sites/johntamny/2018/01/28/last-week-donald-trump-raised-taxes-on-every-single-american/#79679af33b61

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  3. This is very annoying. Samsung, LG, Bosch - only the best deserve to be taxed.

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  4. If the market can bear a 15% price increase, why haven't the washing machine companies already been selling at this price?

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    Replies
    1. Because the increased costs changed the profit-maximizing price.

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  5. What did anyone expect a political solution to years of political meddling (via regulation) in the appliance sector would like?

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    Replies
    1. No but all the protectionists aka economic safe spaces like to crow how tariffs and their other related polices will benefit the working classes when in reality the opposite always seems to happen

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