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Did Trump’s washing machine tariffs work?
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“The 2018-2023 washing machine tariffs led to a larger, more competitive U.S.-based residential washer industry, including the creation of over 2,000 new jobs at two Korean-owned companies which opened U.S. manufacturing facilities in the southern U.S. Washing machine prices are now below pre-tariff levels, and prices have risen less than consumer inflation, demonstrating that after a six-month flurry, tariffs had little to no effect on washing machine prices.”
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