Wednesday, May 15, 2019

The cost of washing machines is up by almost $100.


That's because a tariff is in fact a tax on consumers.  The Chinese aren't paying that extra $86 - $92.  You are.  And if you thought buying "American" would help, you are wrong.  Domestic machines went up by 5% - 17%, versus 12% for foreign brands.  (White, 2019)

It might not be just greed, because component parts for all machines have gone up thanks to President Trump's new taxes.  But, Whirpool CEO Marc Bitzer was one of the people who pushed for those tariffs in January 2018.  Just saying. 

So the question is how long can Trump keep sending out untruthful tweets like this one from Friday before people figure it out.

"Tariffs are NOW being paid to the United States by China of 25% on 250 Billion Dollars worth of goods & products. These massive payments go directly to the Treasury of the U.S." — tweet Friday.
(2019)

After all, he is the master of miscommunication.  He tells his lies first and repeats them often.  Eventually people think what he is saying is true because they "have heard it somewhere."

But, I'd say the next time they buy a washing machine they are going to notice.  Maybe that's why category sales decreased by 9.7% in 1st quarter 2018.  (Statista, 2019)

You can fool some of the people, some of the time...


White, M. (2019, April 19)  Trump's washing machine tariffs are costing Americans almost $100 more per appliance. nbcnews.com.  Retrieved May 14, 2019, from https://www.nbcnews.com/business/consumer/trump-s-washing-machine-tariffs-are-costing-americans-almost-100-n999461

(2019, May 13) Trump's trade talk is full of misinformation, experts say. cbsnews.com.  Retrieved May 14, 2019, from  https://www.cbsnews.com/news/trump-china-trade-talk-misinformation-tweet-claim-review-2019-05-13/

Unit shipment of automatic washers in the U.S. from 1st quarter 2012 to 4th quarter 2019 (in 1,000's)  https://www.statista.com/statistics/221445/forecast-of-automatic-washer-shipments-in-the-us-by-quarter/

No comments: