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Cleveland Fed: Tariffs Are Raising some Prices in Ohio, Pennsylvania, West Virginia, and Kentucky
- The Trump administration expanded 50% tariffs on steel and aluminum derivative products to include imported home appliances, effective June 23.
- This extension follows earlier tariff increases from 25% to 50% starting in March and aims to address trade practices that the government sees as undermining national security.
- The tariffs target steel and aluminum content in eight major appliance categories and have raised costs for manufacturers and consumers across Ohio, Pennsylvania, Kentucky, and West Virginia.
- A Cleveland Fed report from last week indicated that tariffs and related uncertainty force businesses to raise prices, while a Quinippiac poll shows Trump's economic approval at 38%, with a 16-point disapproval margin.
- These tariffs are driving price increases and economic pressures in manufacturing regions, suggesting ongoing impacts on jobs, consumer demand, and business costs in the Fourth Federal Reserve District.
27 Articles
27 Articles
Trump’s 50% Steel Tariffs Could Make Household Appliances More Expensive - RetailWire
A 50% tariff on imported “steel-derivative products” is set to take effect on June 23, according to a notice released by the U.S. Commerce Department. Once the new customs fee begins, consumers are likely to see price hikes on several household appliances, like dishwashers, washers, dryers, garbage disposals, and refrigerators. In March, the Trump administration implemented a 25% tariff on steel and aluminum. Earlier this month, the fee was rais…
Reforma
eldiariodechihuahua.mxImported appliances, such as washing machines and refrigerators, will be subject to extended tariffs on US steel from June 23.
Cleveland Fed: Tariffs are raising some prices in Ohio, Pennsylvania, West Virginia, and Kentucky • Pennsylvania Capital-Star
President Donald Trump holds up a chart while speaking during a “Make America Wealthy Again” trade announcement event in the Rose Garden at the White House on April 2, 2025 in Washington, D.C. (Photo by Chip Somodevilla/Getty Images)Tariffs — and uncertainty over them — are forcing up costs for businesses in Ohio and parts of Pennsylvania and two other states, according to market surveillance published last week by the Federal Reserve Bank of C…
Trump Steel Tariffs Expanded to Hit Home Appliances
“Washing machines, refrigerators and other common household appliances made with steel parts will soon be subject to expanded tariffs,“ the New York Times reports. “The department said in a notice that levies would take effect on so-called steel derivative products on June 23 and will be set at 50 percent, the current level for all other steel and aluminum imports. The new tariffs will apply to the value of steel content in each import.”
Cleveland Fed: Tariffs are raising some prices in Ohio, Pennsylvania, West Virginia, and Kentucky
Since taking office, Trump has announced a bewildering array of on-again, off-again tariffs, including 50% ones on steel and aluminum that took effect last week.
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