SMM

A CCTV reporter learned on June 12 local time that the US Department of Commerce announced it would impose additional tariff on a variety of steel household appliances, including "steel derivatives" such as dishwashers, washing machines, and refrigerators, starting from June 23. It is reported that the 50% tariff set for most countries will affect the import of these steel products, potentially leading to a rise in consumer prices. Industry stakeholders are closely monitoring the developments.