Over the last few months, you've probably heard more about tariffs than you ever have before. Tariffs have been a big focus of President Donald Trump's second term and many companies have announced price hikes to offset tariff costs.
Trump recently announced that new tariffs on steel and aluminum imports would kick in today, which could hit home appliances particularly hard. Experts say, you might pay more on your next vacuum, washing machine or refrigerator.
"We expect home appliance prices to rise this year, especially for mid-range and premium models that rely heavily on imported parts and materials," said David Warrick, executive vice president at Overhaul, a supply chain management platform, and former head of global supply chain technology at Microsoft. "Refrigerators, dishwashers and washing machines are particularly vulnerable because they often include a high percentage of foreign components -- even when final assembly happens in the US."
CNET has been covering the Trump administration's tariff policy and changes, and we've already seen manufacturers and retailers raise prices on laptops, toys and groceries. With home appliances, the price increases depend on a variety of factors, including where the appliance is assembled, where the parts come from and whether it has a semiconductor chip.
