By Ross Kerber, US Sustainable Business Correspondent |
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For my column this week I looked at the potential impact new U.S. tariffs could have on musical instrument sales, a small but telling slice of the economy. You can read more below, plus find links to stories about tariff-related comments from major CEOs. If you want to dig deeper into our coverage you can subscribe to our new "Tariff Watch" newsletter by clicking here.
I've also added a few Exxon items this week, including that the oil major will not face any shareholder resolutions at its upcoming spring meeting. Please connect with me on LinkedIn and/or Bluesky. Or get me via ross.kerber@thomsonreuters.com And, we have a favor to ask: Reuters Econ World, our weekly economics podcast, has been nominated for a Webby Award in two categories and we would appreciate your vote. It's for the pod's 'Swiftonomics' episode. If you like what you hear, please vote here and here. |
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Andrea Martelloni demonstrates the 'HITar', an AI-powered augmented guitar, at the 2024 National Association of Music Merchants (NAMM) trade show in Anaheim, California, U.S., January 25, 2024. REUTERS/Jorge Garcia |
Fear of tariffs plays out even among US guitar makers |
Sometimes the smaller industries can shed the best light on bigger trends. I think that is the case with the U.S. musical instruments sector, which fears the sweeping tariffs announced by U.S. President Donald Trump last week, the head of a trade group told me.
John Mlynczak, CEO of the National Association of Music Merchants, explained how the tariffs are poised to disrupt supply arrangements with countries like Vietnam. "This is a highly specialized industry, it's not like you could send CNC drawings to a different factory tomorrow," he said, using an industry term for technical drawings. You can read more in my column this week by clicking the button below. |
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