President Trump has recently hailed a “total reset” of U.S.-China relations after the two global superpowers agreed to a 90-day pause on the escalating trade war, alongside a new round of trade negotiations.
Tariffs on Chinese goods will be reduced to 30% from 145%, initially for the proposed 90-day period. China will also slash its own retaliatory tariffs to 10% from 125% – a welcome change, according to NAMM President and CEO John Mlynczak, which will also impact musical instrument manufacturers and retailers.
