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In January 2018, Trump imposed tariffs on solar panels and washing machines of 30 to 50 percent. [36] He soon imposed tariffs on steel (25%) and aluminum (10%) from most countries. [37] [38] On June 1, 2018, this was extended on the European Union, Canada, and Mexico. [38]
An April 2019 working paper by economists found that the tariffs on washing machines caused the prices of washers to increase by approximately twelve percent in the United States. [23] A 2019 paper by Federal Reserve Board economists found that the steel tariffs led to 0.6% fewer jobs in the manufacturing sector than would have happened in the ...
1920 advertisement for the Thor electric washing machine. The Thor washing machine was the first electric clothes washer sold commercially in the United States. Produced by the Chicago-based Hurley Electric Laundry Equipment Company, the 1907 Thor is believed to be the first electrically powered washer ever manufactured, crediting Hurley as the inventor of the first automatic washing machine.
Maytag's second plant was opened in Newton, Iowa. This facility manufactured Maytag's first automatic washers, the "AMP", introduced that year. This was the start of a new age in washing machines for Maytag. 1951: The Korean War was underway, and Maytag built parts for tanks and other military equipment alongside the washing machines. 1953
They called the machine the Roanoke Power Machine. [5] [2] The company became known as the ABC Washer Company and its appliances were sold under the ABC brand. The factory in Roanoke was expanded in 1912. [6] The Roanoke factory was destroyed by fire on February 12, 1914; in March, the company announced it would rebuild on the original ...
1920s: Finance. America's wealth more than doubled in the years between 1920 and '29. Most of this wealth funneled into finance and industry, but enough trickled down to low-level employees to let ...
The Trump administration on Monday enacted a 10% duty on another $200 billion worth of Chinese products. Another round of tariffs on Chinese imports takes effect Monday, bringing the total value ...
Photo credit: Flickr/rabiem22 Thanks to a maritime law from the 1920s America's oil boom is fueling a building boom for U.S. shipyards. However, while that law has created an upsurge in the ...