In the aftermath of steel and aluminum tariffs during Trump's first term, major appliances showed price increases of between 5% and 10% between June 2018 and April 2019, Miller added, citing a monthly government data release. Those price hikes far outpaced an overall inflation rate of around 2%.

President Donald Trump has reinstated a 25% tariff on foreign steel and aluminum, but how much has the U.S. been importing from its trade allies?

President Trump said Sunday that he will announce 25% tariffs on all steel and aluminum imports into the United States on Monday.