Thank you for the music! What are tariffs doing to the music industry?

Tariffs are affecting many parts of society, but how are they changing the music industry? This highly globalized industry is a finely tuned ecosystem, harmonizing the craftmanship of high-end manufacturers with the mass production capabilities of countries like China and Indonesia. Musicians, whether world famous or in aspiring garage bands, must have access to instruments that suit their skills and budgets. What are the effects for musicians when exports of musical instruments are disrupted? How can tariffs, unpredictability, and unreliable supply chains be addressed?  And if instruments become more expensive, do higher prices affect music education in schools? How do we strike the right chord?

HOST

Cecilia Malmström 
Nonresident Senior Fellow, Peterson Institute for International Economics (PIIE)

GUESTS

Cullen S. Hendrix 
Senior Fellow, PIIE

John Mlynczak
President and CEO, National Association of Music Merchants (NAMM)

Julie Robbins 
CEO, EarthQuaker Devices