American manufacturers have also jacked up the cost of their appliances, in order to match the higher price of their competitors.
Source: Trump’s washing machine tariffs are costing Americans almost $100 more per appliance
““Firms are operating in competitive markets and they’re going to try to charge what they can,” Dollar said. When that competition is stifled, companies don’t have to worry as much about being priced out of a market if their products are more expensive. “Free trade is a great anti-monopoly policy,” he said.”
