Eric Mueller, owner of Pirates Press, is navigating the challenges posed by President Trump's tariffs on vinyl records. Attempting to classify records as 'informational material' to evade tariffs, he reflects on the pervasive industry instability. The abrupt tariff changes could lead to up to a 24% increase in costs, further burdening consumers amid inflation. With record prices potentially rising from $15-$25 to $30-$40, Mueller warns that such increases won't help the struggling industry or consumers, as many factories grapple with rising costs.
The volatility is insane. We had a couple dozen shipments leave in the past few days, and we're trying to figure out what we're supposed to bill people!
Look at the math: peoples' incomes haven't gone up by that much. The industry is definitely receding. Factories are struggling.
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