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U.S. washers, dryers prices climb 12 pct due to global tariffs: study | Brinkwire

CHICAGO, April 25 (Xinhua) — Scholars at the University of Chicago find in a research that as a result of trade wars between the United States and other countries, the prices for washers and dryers have climbed 12 percent.

When global tariffs on washing machines were applied in early 2018, prices of washing machines climbed about 12 percent for U.S. consumers. Further, the prices of dryers increased by the same amount, even though dryers were not affected by the tariffs, a news release posted on the university’s website on Monday said.

Uniquely available statistics on washing machine production and pricing has provided the scholars with a clear answer: When global tariffs were applied to U.S. imports, consumers bore the added cost, with prices jumping more than 10 percent.

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U.S. washers, dryers prices climb 12 pct due to global tariffs: study – Brinkwire.

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