50% US steel tariffs on home appliances take effect
The United States has started charging tariffs on a range of home appliances made of steel and aluminum including refrigerators, washing machines and dishwashers.
President Donald Trump imposed an additional 25 percent levy on imports of those metals in March. The initial rate was doubled to 50 percent and the scope of goods affected expanded earlier this month.
Starting Monday, the tariffs apply to eight types of home appliances deemed to be steel derivative products. The amount of the levy depends on how much steel and aluminum they contain.
Trump's tariff policy is aimed at boosting domestic manufacturing. The US currently depends on countries like Mexico, China and South Korea for imports of refrigerators and other appliances.
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