D’Addario & Company, a US-based family-owned manufacturer of music accessories including guitar strings and drumsticks, anticipates incurring over $2 million in additional tariffs by the end of 2025 due to ongoing trade tensions. In response to the financial impact of these tariffs, the company is exploring strategies such as establishing its own free trade zone and rerouting shipments to mitigate costs. This approach reflects broader challenges faced by US manufacturers adapting to tariff-related trade disruptions, with some companies also adjusting supply chains by sourcing specialized materials, such as Japanese wood, to manage production costs and maintain competitiveness.
Interesting story of a small US manufacturer struggling with the level and unpredictability of tariffs. 👉 huge creativity in adjusting some of which involves moving some production to the highly specialised inputs like Japanese wood instead of moving the wood to the production https://t.co/PnB7VtlcVs
💸 Las empresas estadounidenses están aprendiendo que no hay soluciones fáciles para sus problemas comerciales. Tal es el caso de D'Addario & Company:https://t.co/X6xiVRVc23
Boom de Temu y Shein: la estrategia de la industria para competir con las importaciones https://t.co/MfvBuu5rhW