Listen: Tariffs' Complex Ripple Effects Hit Appliance Shoppers And Makers
"Support for NPR and the following message come from Dulles International Airport with the highest on time takeoff percentage of any airport on the east coast. I a d means I'm already departing more at fly, Dallas dot com slash fast. Okay. We're going to spend the next few minutes. Talking about household appliances. Not so much about how they can refrigerate your food or wash your clothes. But rather how they help us understand the current trade dispute between the US and China and peers Alina sell UK explains home renovations. If you've done one, you know, it can be exasperatingly time consuming expensive in Janney musters doing more than a renovation. She's doing a remodel bathrooms and a whole new kitchen. It really was daunting the whole experience, you know, bought everything I bought a washer dryer refrigerator freezer, dishwasher, a range, and as she was going to show rooms for all these appliances. In January this stressful thing kept coming up their moment. Anti. I walked in everyone pretty much warned me that step. You worry. I everything was going up as an going up in price. And because muster was shopping on the higher end that could mean hundreds of dollars. Did they say why are they set because of all of the terrorists the terrorists they've been making a huge impact on the cost of appliances in the US, take whirlpool. It's a leading American appliance maker in whirlpool prices. Barely changed for years says alr- Lacayo housing analyst at G dot research. When you look at what happened in twenty eighteen you saw a big pickup where and at first the price to can upward was pretty welcome news for world bull it reflected whirlpools victory over its two main foreign competitors, L, G and Samsung, they're both based in South Korea. And for years world'll argued the Elgin Sampson had been dumping appliances into the US market at below cost rendering competition, irrational and last January, President Trump agreed with whirlpool. He said a new. Hefty tariff on imported washing machines selling washers to Americans became more expensive for foreign companies and domestic manufacturers like whirlpool could finally raise prices. But then Trump imposed more tariffs on metals like aluminum and steel which is critical to building almost any appliance. Suddenly blinds makers everywhere including world, we'll began complaining about the rising cost of raw materials they had little choice, but to start hiking their own prices on certain products. You could be looking at a fourteen to sixteen percent increase from last year to this year. Steve shine cough owns Yale appliance and lighting in the Boston area and his been in the industry his whole life. I'm third generation owner. Yeah, we're here in Boston have been here for almost one hundred years now, it's hard to believe. No. I haven't been here all hundred, but you know, about a third of that shine cough says many brands he works with like, Wisconsin based sub zero and wolf or German thermidor, they regular. Inch up their prices. But in the past year, the increases have been bigger than most now overall prices of major appliances tracked by the Labor Department are starting to take down month to month, but they are still higher than they wore last year when you talk about machine for people wanna buy front loaders. I think you're looking at two to four hundred dollar difference versus last year sank off predicts prices are probably stabilized at this point at least for a while. But for shoppers who chase specials and deals. He says promotions have not been as good as a few years ago. He's noticed one other thing about Whirlpool's Korean competitors last year, both L G and Samsung fast-tracked two manufacturing plants in America. It's great news for American jobs but for world bull. I think this is biggest challenge will ever have and muster who's remodeling her house. She did manage to buy all her appliances before the February price jump. She later learned that saved her more than twelve hundred dollars Alina, so Euch NPR news. Support for this podcast and the following message. Come from the American Jewish World Service working together for more than thirty years to build a more just an equitable world. Learn more at AJ, WS dot ORG."