U.S. Imposes 50% Tariff on Steel-Based Household Appliances Starting June 23
On June 12 (local time), the U.S. Department of Commerce announced a significant tariff increase on various steel-derived household appliances, including dishwashers, washing machines, and refrigerators. A 50% tariff will be imposed on these steel-based products, effective June 23, 2025. This move follows a statement made by former President Donald Trump during a rally in […]
Trump Signals Sharp Reduction in Tariffs on China Amid Industry Pressure and Supply Chain Concerns
On April 22, U.S. President Donald Trump announced a major shift in tariff policy, signaling that the current high tariffs on Chinese goods—up to 145%—will be “substantially reduced.” “145% is very high. It won’t be that high… it will go down significantly, but it won’t be zero,” Trump said in the Oval Office. He added: […]
