Reference News Network June 25 report According to AFP June 23 report, according to a notice recently released by the US government, the US measures to increase tariffs on several steel-containing home appliances took effect on the 23rd, which may increase the cost of consumer goods.
President Trump this month doubled the tariffs on imported steel and aluminum to 50%. Since then, the US Department of Commerce announced that it would also impose tariffs on eight "steel-derived products".
A notice issued in mid-June stated that the products involved include refrigerators, dryers, washing machines, dishwashers, stoves and ovens, as well as garbage disposal equipment for kitchens.
The notice added that the amount of tariff imposed on these products will be assessed based on the steel content of each product. This new tariff measure will take effect on the 23rd.
Since taking office again in January, Trump has imposed a 10% tariff on all imports from most of America's trade partners.
He also announced higher tariffs on imported steel, aluminum and cars.
Economists have warned that Trump's tariff measures could exacerbate inflation and hinder economic growth, although so far these tariffs have not caused widespread inflation in the world's largest economy, the United States.
Analysts say this is partly due to companies increasing inventory before the tariff took effect.
Trump has also abandoned some of the harshest tariff measures to leave room for trade negotiations.
Currently, dozens of economies are rushing to negotiate with the Trump administration in hopes of reaching an agreement before the July 1st deadline for higher tariffs.
Since Trump imposed tariffs on multiple countries around the world, so far only the UK has reached a trade agreement with the United States.
The Trump administration published a document on June 23 in the Federal Register to implement the agreement with the UK.
The document includes an annual import quota of 100,000 British cars, with the tariff rate on these cars being reduced from 27.5% to 10%.
The notice said that this quota will be adjusted according to the remaining days of the 2025 calendar year and will take effect one week later.
Automotive parts imported from the UK will also enjoy lower tariffs, while similar quotas for steel and aluminum and related products will be determined at a later date. (Translation/Fu Xue)
Original: https://www.toutiao.com/article/7519796449622622758/
Statement: This article represents the personal views of the author. Please express your opinion below using the [up/down] buttons.