Thermador and Bosch already raised prices by an average of 3 to 7% as of January 1. However, they also reduced some programs by 2%, bringing the net increase closer to 5 to 10%.
LG implemented a 6% price increase on January 15, while GE has scheduled its hike for February 15. Sub-Zero announced an 8 to 13% increase set for March 1.
You might assume that American manufacturers like Sub-Zero, BlueStar, Viking, and Whirlpool would be unaffected.
However, they rely heavily on foreign components, especially steel and key compressor parts.
True and Whirlpool will adjust their prices based on steel tariffs, making their increases more unpredictable.
Meanwhile, 99% of all specialty undercounter refrigerators are expected to see price hikes of 8 to 25% since most are manufactured in China.
Before you rush to call your local appliance store in a panic, consider two key factors for projects planned in 2025 and 2026:
- Interest Rates: You’re still earning 4 to 4.5% interest on your savings, meaning money in the bank holds value, unlike in 2020 to 2022.
- Financing Options: Many retailers still offer 0% financing for 12 months, allowing you to buy appliances sooner and spread the cost over a year. But do not miss a payment or finance carelessly. These companies charge nearly 30% interest.
For now, the EU (European Union) has been spared, so brands like AGA, La Cornue, Miele, and Beko remain unaffected, at least in the short term.
Unlike in past years, there’s no immediate urgency to buy early. Take your time and weigh your options.
In 2020, the appliance industry faced the perfect storm: supply chain issues, tariffs, and a frenzy of home improvement spending.
This time, there’s no buying frenzy and no supply chain crisis – at least not yet.
Here is what happened last time:
A Brief History of Tariffs and Appliance Costs (2017–2021)
Appliances and Components from Mexico
- Refrigerators and Freezers: Many Whirlpool, GE, and Electrolux refrigerators, especially built-in and high-end models, are manufactured in Mexico.
- Cooking Appliances: Wolf, GE, Whirlpool, and Electrolux produce some ranges, cooktops, and ovens in Mexico.
- Dishwashers: Several brands, including Whirlpool and GE, have production facilities in Mexico.
- Washers and Dryers: Whirlpool, Electrolux, and some Samsung and LG laundry units come from Mexican plants. However, this likely won’t affect Samsung and LG much. They will simply shift production to their U.S. plants – which is the whole point of the tariffs.
- Motors and Compressors: Many refrigeration compressors used in Whirlpool and GE products are made in Mexico.
- Electronics and Circuit Boards: Control boards and electronic components for smart appliances are often produced in Mexico.