New Steel Tariffs Affect Siemens and Whirlpool Products
The Trump administration’s latest steel tariffs have targeted consumer products for the first time this year. Refrigerators and dishwashers from major companies like Siemens and Whirlpool now face higher import taxes. This policy shift may significantly affect consumer prices and supply chains. Companies must adapt to these new costs, potentially impacting profitability and market competitiveness. How will consumers respond to these changes, and what strategies can companies employ to mitigate the impact on their products?