The CantonRep
Real Estate
- Page 10
HARNEY - From Page D8

10 percent tariffs on aluminum. According to a study by Freedonia Group, a market research firm, these tariffs are affecting prices on “most indoor and outdoor kitchen appliances” to varying degrees based on how much steel or aluminum they use. They include stoves and ranges, ovens, refrigerators, freezers, gas grills, among others. Together, according to Freedonia, they “have the potential to upend a product market that accounted for more than $18 billion in sales in the U.S. in 2016.” Sales could “slump as consumers decide a new fridge or stove isn’t worth the price.”

 

The sobering bottom line: The tariff war is on. Building and remodeling are getting whacked, and the costs to you could go even higher soon.

 

Ken Harney’s email address is Harneycolumn@gmail.com.