Europe's largest home appliance maker puts $250 million US investment on hold over Trump's tariff hike

Evan Vucci/AP 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 ...