Скачать или смотреть Consumers rush to buy appliances amid fears of tariff price hikes｜Taiwan News

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Trump’s new tariff regime is affecting global industries, including home appliances, as many components are made in China. American home appliance manufacturers say that a rise in raw material prices coupled with the recent strengthening of the US dollar has affected import costs, which could result in higher retail prices. As a result, many rushed to the opening of this year’s Electrical Appliances Expo in Taipei, hoping to snap up a bargain on the spot before prices start rising.

Summer is coming. This new air conditioner can set a limit on your power usage to help you save money. The Electrical Appliances Expo had its grand opening on Friday. People came to the expo early in the morning worried about the impact of US tariffs on home appliance prices.

Consumer
I am worried there will be price increases or bottlenecks with the flow of goods. I’m a little concerned, so I came here to have a look.

Consumer
It’s because we recently had a need to buy something, and we are worried about whether prices would go up. We rushed here today to see if there were any good deals that we could get at a bargain.

This extra-large capacity dryer’s selling point is its American design. In this wave of tariffs, American home appliances could be the first to be hit. More than 90% of the components that make them are imported from China. The 125% tariff imposed by the US on Chinese goods, a strong US dollar and a weak Taiwan dollar could result in high import prices.

Huang Hui-chen
American appliances company
Of course, the amount of China-made components in American appliances is still quite high, at around 30%. Last time we increased prices by 3% to 5%, due to a 25% price increase in raw materials and changes to the exchange rate.

Chiu Chui-yung
American appliances company
It’s quite a struggle. Amid rising costs, we have to look at the economic situation and make adjustments.

Some manufacturers ship out products from different production locations to average out production costs. But home appliance companies say they fear excessive price hikes could turn buyers away.

Liao Chuan-ping
Taiwan Electrical Appliance Association
We are expecting price increases of more than 10%. But excessively high prices won’t be accepted by consumers. So manufactures may have to absorb the increases themselves.

How much the prices could increase remains to be seen, as many unknowns still linger over the US’ tariffs.

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