What's fake about it?
William Blake
Washing machines? Really? America used to produce really good ones that would last 10-15 years. Remember the Maytag repairman commercials?
So our tarrifs are hurting an industry that imports junk that lasts 3-4 years.
If I banged my brothers head against a dishwasher today it would break apart. Back then it was sturdy.
There is no way to know if price increases are due to tariffs or the strong economy which allows retailers to raise prices due to demand.
It is doubtful an increase in tariffs would be passed along to consumers in its entirety. There is still competition which must be dealt with so far more likely the importer, the wholesaler, the retailer and possibly the customer would share in the increase. Then we have inflation which also adds to the pricing.
There are no tariffs on goods produced in America and since the tax reform many foreign countries are setting up production here to take advantage of the tax break and to avoid tariffs. One of them is Samsung another is LG.
These factories re bringing 1000’s of jobs to America.
Forgot one thing. The enormous tax reduction enjoyed by businesses here allows them to easily absorb tariff increases.