Offer

Wait! Before You Go...

Learn the most reliable brands, best new features and how to buy at the best possible price in this Free Appliance Buying Guide. Over 880,000 people have learned from a Yale Guide

Free Download: Appliance Buying Guide

No thanks, I know what I'm looking for.

How Will the New Tariffs Affect Washer and Appliance Prices?

Steve Sheinkopf  |  October 18, 2018  |  3 Min. Read

How to Buy Appliances  |  Tariffs  |  New Price Changes

NEW WEBINAR: How to Plan Your Dream Kitchen with the Best Luxury Appliance Brands

Register for the Webinar

Back in April, we wrote an article about how the new steel and aluminum tariffs would affect appliance brands and ultimately, your appliance buying decisions.  

Now, we have a much better idea of how tariffs may affect you in the near future, whether you’re a homeowner or a builder.

In this article, we’ll review what the new tariffs are, how they have affected major appliance brands as well as the price changes you should expect to see in the future.

Different Appliance Tariffs

To review, Samsung and LG were charged with 20% in tariffs this year and 50% next year on washers as a penalty for dumping products in the US.    

Also, there was a 50% tariff on “key components” to washers over 50,000 units.

Dumping is selling products below the cost of production often times with government subsidies. It is designed to wipe out that countries industry.

In this case, it was designed to hurt Whirlpool, the largest American appliance manufacturer.

Metal Tariffs

There were also 25% tariffs on foreign steel and 10% on aluminum. Mostly every facet of building a home has steel. Appliances are mostly made using steel.

This tariff affects every foreign as well as domestic manufacturers.

The Least Affected Appliance Companies

Oddly enough, the two least affected companies were…LG and Samsung. Samsung had a 4-7% increase in price changes but it was announced before the tariffs. LG prices have been minimally affected as well.

Going Forward: As of now, Samsung hasn’t announced any price increases and does not have any availability issues. LG is a different story.

Both companies are highly promotional around holidays with discounts of 10-35%.

However, LG has indicated a decrease in promotions for 2019.

Also, both companies have added significant US factories and production as a way to circumvent the washer tariffs. In 2019, they should have almost enough production capabilities to serve the US market.

Smaller Specialty Companies with Price Increases This Year

Ventahood - 10%

Marvel - 3%

Lynx - 5%

Speed Queen - 2-3%

Blue Star - 5%

True - 5%

Scottsman - 4%

Larger Companies Affected by Tariffs

Fisher Paykel:  4% increase on refrigerators. Their laundry, however, bore the full brunt of every tariff with a 40% increase.

Bosch/Thermador:  Price increases across the board of 7-10% effective August 1, 2018. Their promotions have not changed with free dishwashers and hoods.

Miele:  Miele had a 7-10% increase effective August 1. Their 10% promotions have not been affected as of yet.

Sub-Zero/Wolf: They had their yearly increase announced before the tariffs. Then they followed up with another. These are big stainless units. I would expect more increases next year.

Have the Tariffs Affected Whirlpool?

The tariffs were designed to protect American manufacturing. In this case, Whirlpool was the main beneficiary.

Yet Whirlpool arguably has been affected the most. Certainly, their stock price has suffered. It is now 106 down from 166 back when the tariffs were announced.

Their current, chronic lack of availability of product would suggest problems with steel and raw materials. Perhaps it is a problem with their vendors.

As a result,  their Jenn-Air division will now have their third price increase this year. Their next increase is 7.2% on all Whirlpool products like KitchenAid (chronic shortages, BTW), Amana, Whirlpool, Maytag and Jenn-Air on December 27th of this year.

How You Should Plan Your Appliance Purchase

Builders:

You will be in an awkward position because your quotes will expire much quicker. Gone are 180 quotes. Now you will be lucky for a 90-day price lock.

You will also have to take products by specified dates unless your appliance vendor buys it first.

So nothing is guaranteed anymore. Then again, most builders are used to hearing that from their steel and aluminum vendors.

You will have to pick your partners very carefully these days to deliver a project on time and on budget.

Homeowners:

Besides LG, most companies have not eliminated promotions. You would think differently because they often cost manufacturers more than the actual tariff increase.

You need to plan your purchases around these promotional periods. The best times to buy appliances are Black Friday, President’s Day, Memorial Day, Labor Day, Independence Day, and now Tax-Free Weekend in Massachusetts.

Also, the more consistent promotions like Thermador 1, 2 Free or Jenn-Air $1,300 rebates are predicated on buying the entire suite from one manufacturer.  

You should be prepared to buy from one company to save money.

Lastly, you will start seeing shortages in certain brands because of shortages in steel. KitchenAid as an example now has serious issues in product availability. 

Buy from local inventories as best you can if possible. There are no guarantees you will be delivered your appliances on time as manufacturers deal with the ever-problematic steel issues.

You should look at Black Friday for a major purchase and then President’s Day in February. Monitor prices, because until these tariffs are rescinded, you will see shortages and rising prices.

Additional Resources

Download our Appliance Buying Guide with features, specs and inside buying tips to every major brand. Well over 355,000 people have read a Yale Guide.

View our appliance buying guide

Related Articles:

Why Should You Trust Us?

It seems that every appliance review has nothing but glowing comments about almost every product, yet you read customer reviews and they are almost universally bad.

We are here to fill in the disconnect. We'll give you the best features, and the drawbacks as well, including reliability based on over 37,000 calls performed by our service team just last year. Our goal is to give you ALL the information so you know what's right for you.

Please consider subscribing or adding to the conversation in the comments below. We appreciate you stopping by.

Steve Sheinkopf

Steve is the third-generation CEO of Yale and a lifelong Bostonian. He currently resides in Boston, one mile from where he was born. Despite being one of the worst goalies of all time, he is a huge hockey fan of college hockey and the Boston Bruins. The love of his life is his daughter Sophie.

Steve has also been featured in numerous publications such as the New York Times, Consumer Reports, The Boston Globe, Bloomberg Radio, the New York Post, The Wall Street Journal, and Entrepreneur, for his knowledge of how to buy appliances and appliance repair.

A Note About Pricing

Pricing on this blog is for reference only and may include time sensitive rebates. We make every attempt to provide accurate pricing at time of publishing. Please call the stores for most accurate price.

Suggested Articles