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Guitar World
Guitar World
Entertainment
Janelle Borg

“We have incurred anywhere between $500,000 to $750,000 in additional costs”: Will the price of guitar strings skyrocket on August 1? As tariff deadline looms, D’Addario’s CEO reveals how the firm has been weathering the storm

Detail of the TonePros AVT-II adjustable wrapover bridge and D'Addario strings on a Yamaha Revstar RS820CR electric guitar, taken on November 10, 2015.

With U.S. President Donald Trump suggesting that he will set a tariff of “anywhere between 15% and 50%” on countries ahead of the looming August 1 deadline, musical instrument firms continue to grapple with how the tariff fluctuations and changes over the past couple of months have impacted – and will continue to impact – their business and longevity.

In an interview with Reuters, D’Addario CEO John D’Addario III revealed that the widely established, family-owned accessories company has a specific task force set up to strategize how they should respond to the current trade war.

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