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Musical instrument manufacturer threatens to move overseas due to Trump tariffs
http://thehill.com/blogs/blog-briefing-room/news/395321-musical-instrument-manufacturer-threatens-to-move-overseas-dueIn an email to customers, the company warned that the Trump administration’s tariffs "will immediately and drastically increase the cost of building our instruments, and have the very real potential of forcing us to lay off workers and could (in a worst case scenario) require us to move some, if not all, of our manufacturing overseas."
The company in the letter explained that although it has made efforts to make its circuit boards with U.S. suppliers when affordable, even if it means paying a 30 percent markup in contrast to what it would pay for the same product overseas, the majority of the circuit boards and associated components for Moog’s instruments are shipped in from China.
The company in the letter explained that although it has made efforts to make its circuit boards with U.S. suppliers when affordable, even if it means paying a 30 percent markup in contrast to what it would pay for the same product overseas, the majority of the circuit boards and associated components for Moog’s instruments are shipped in from China.
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