- Electrolux, Europe’s largest home appliance maker, said it would delay a planned $ 250 million investment in Tennessee.
- The announcement comes after President Donald Trump announced tariffs on imported aluminum and steel.
- Electrolux buys all the steel it uses in its US products domestically.
- Trump said the duties — 25% on steel imports and 10% on aluminum — would be formally announced next week.
Sweden’s Electrolux, Europe’s largest home appliance maker, said on Friday it would delay a planned $ 250 million investment in Tennessee, after US President Donald Trump announced tariffs on imported aluminum and steel.
On Thursday, Trump said the duties — 25% on steel imports and 10% on aluminum — would be formally announced next week, although White House officials later said some details still needed to be ironed out.See the rest of the story at Business Insider
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