On April 2, President Trump issued an Executive Order announcing reciprocal tariffs on more than 100 countries that are trading partners with the United States, and 10-percent tariffs on any other country. The rationale from the Trump administration is that these reciprocal tariffs are meant to create fairer trade conditions by matching or countering the tariffs that other nations apply to U.S. goods. NAMM, along with the Peterson International Institute of Economics, the National Retail Federation, the Consumer Technology Association and the National Association of Manufacturers, all maintain that these tariffs will negatively impact U.S. manufacturing and will not achieve the stated goal of encouraging equal trading rules and preventing one country from having an unfair advantage. NAMM has issued an updated statement on behalf of the music products industry: (fb)

Companies that import processed or unprocessed wood have until April 1 to submit comments to the Federal Register on the impact of potential tariffs or import restrictions would have on their businesses. Learn more and add your voice to the call for public comments today: https://www.namm.org/policy/business-compliance/namm-members-call-impact-statement-potential-timber-lumber-action (fb)