U.S. Music Gear Manufacturers Feeling the impact of Trump’s Tariffs on EU Exports

Even before the U.S.-China trade tensions escalated into a full-blown Trade War, a broad list of U.S. manufacturing industries had already been hit hard by President Trump’s trade tariffs. The series of tariff increases went into effect as early as January 2018.

Nearly all economists gave warnings that increased import taxes will also trigger increase in prices, and adversely affect trade relationships with affected countries, as well as disparage global economic growth. Trump insisted that tariffs will enrich the U.S., whilst stating

”Trade wars are good, and easy to win.”

Although Trump’s political advocacies and methods on how to globally put the country in a strong trading position seemed not to hurt other industries, the opposite actually happened. China and the EU, have in turn imposed retaliatory tariffs on goods imported from the U.S.

instead of rethinking, Trump made an even bolder move by announcing that all products exported by U.S. businesses to China will be also be slapped with a 25% tariff increase. As a result, the trade tension between the United States and China had developed into a full-blown Trade War. Many commented that Trump’s Tariffs actually had one principal objective, to weaken China’s economy and force the country to change its own global trading practices.

How Trump’s Tariff Policies Affected, and Will Continue to Affect the Music Gear Industry

On June 24, 2018, the Union of European countries announced a 50% increase on certain products that will be imported from the U.S. The list includes items that can have a significant impact on the music gear industry, specifically those that export the following:

  1. Portable Electronic Readers, particularly the battery operated type used in recording and in reproducing text.
  2. Apparatus for processing digital signal used in mixing sound, while connected to a wired or wireless network.
  3. Electrical machines capable of providing translation services or dictionary functions.

To make it clear, if a U.S. music gear manufacturer buys from an E.U. country, it is a US import currently not included in the list of products subject to Trump’s Tariff increases. However, on the part of buyers in EU countries, they will likely pay higher prices on US made music gear or music-related devices. Mainly because European importers/dealers of U.S. made products, will likely pay an additional 50% tax on such U.S. imports.

If China’s retaliatory 25% tariff on all U.S. exports continue, this will all the more make U.S. made products, less competitive globally. Most American manufacturers, including those that produce U.S.-made music gears and music-related devices, procure components from China. If so, their purchases will then constitute China’s U.S. exports that are subject to 25% tariff.

That being the case, the higher cost of China-made components will result to less profit. That being the case,  manufacturers and retailers will pass on the additional costs to end-user consumers.

Local retailers therefore will also find it difficult to compete in the buying and selling business. After all, the resulting increase in cost of inventories will eat directly into their profits. As it is, the uncertainty of where the trade war with China is headed, makes it it difficult for them to offer voucher code that offer tempting price reductions.

How Music Talks So Much Honesty

When it comes to expressing your feelings and emotions, sometimes it comes better singing them than to actually say it…

It is with all certainty that people love music. People are compelled by it. People are provoked by it. They are moved by it. They’re inspired by it. And they feel a great connection to it.

You don’t even have to be a music enthusiast to appreciate music or to comprehend with it. An artist and the song itself reflects something profound about who we are and our experience of the world. It also becomes your definition of reality.

Which is not even a lie detector test can break a song’s intention.

Music is Healing

Given the emotionally charged nature of music, it can be an incredibly effective way to express ourselves and cope with challenging life circumstances.

Basically, life is hard. Sometimes it comes more rough for some. Whether be if you are having a conflict with the family, problems, and issues at work, experiencing personal traumas and fears. Anxiety and depression. Or a battle you are fighting alone— music helps you heal.

Behind your confusion, music becomes one thing that is real. Something that is genuinely soothing and calming.

Music is Who You Are

Music is an expression of who you are, who you wanted to be and who you will become. Because music speaks so much volume and value to it that it speaks for your soul for you to help you find what you are looking for.

In the moments of rough times in your life, music can be a constructive way to express who you are and what you are feeling. Thus, it helps you figure out yourself in the end.

But how can music be so honest?

It is Sadness, Joy and Anger

Music is sadness, joy, and anger. Whatever mood you are in music can honestly be there for you. The artist’s words and rhythm sync with your feelings and drive you into a melodic drama that soothes whatever situation you have in. whether you are feeling sad, you are feeling ecstatic or you are angry.

Nothing in this world can be as honest as music.

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