May 1, 2019

Trump's tariffs are forcing Americans to pay 12% more for washing machines

Washing machines, dryers and other appliances in a home improvement store. Photo: Saul Loeb/AFP/Getty Images

American consumers are paying more for washing machines and dryers as a result of the tariffs Trump imposed in January 2018, NBC reports.

Details: A recent study from the University of Chicago and a Federal Reserve Board governor found that washing machines cost an average of 12% more per appliance, or about $86 to $92 more, after Trump's tariffs on imported machines went into effect. That's both a result of the increased cost of imported machines and because domestic manufacturers like Whirlpool are raising prices.

  • Dryers weren't targeted by the tariffs, but those prices are rising for consumers too — the report says that "Americans are paying more than $1.5 billion extra every year from this tariff," per NBC.

Go deeper: Whirlpool gets a trade war boost from price hikes

Go deeper

Trump's big, empty beef with Twitter

Illustration: Aïda Amer/Axios

President Trump finally acted on his now year-old threat to take action against social media platforms for alleged bias against conservatives. But so far, according to experts in both government and the industry, the threat looks mostly empty.

Driving the news: Trump escalated his war on Twitter Friday morning, tweeting repeatedly that the company needs to be regulated after it overnight added a warning label to a tweet of his calling for the military to start shooting looters, which violated Twitter’s rules against glorifying violence.

In photos: Protests over George Floyd's death grip Minneapolis

The Third Police Precinct burns in Minneapolis on Thursday night. Photo: Stephen Maturen/Getty Images

Demonstrators demanding justice burned a Minneapolis police station and took control of the streets around it last night, heaving wood onto the flames, kicking down poles with surveillance cameras and torching surrounding stores.

What's happening: The crowd was protesting the death of George Floyd, an unarmed black man whose life was snuffed out Tuesday by a white Minneapolis police officer who kneeled on his neck for about eight minutes.

Minneapolis mayor to Trump: “Weakness is pointing your finger” during a crisis

Minneapolis Mayor Jacob Frey fired back at President Trump on Friday, after the president accused the mayor of weak leadership amid violence sparked by the killing of an unarmed black man by a white police officer.

Driving the news: Trump made his accusations in a pair of tweets early Friday, saying he would bring the national guard into Minneapolis if Frey couldn't “bring the City under control.”