When cash dries up, musical luxuries such as streaming services and gig tickets are among the first to feel the bite
The article discusses the impact of former President Donald Trump's tariffs on the music industry, particularly focusing on the increased costs of musical instruments and equipment due to tariffs on Chinese goods. These tariffs have led to higher prices for consumers and challenges for music retailers and manufacturers. However, the article highlights that the K-pop industry has been relatively unaffected by these tariffs, attributing this resilience to the genre's strong digital presence and less reliance on physical instruments and equipment. The piece also touches on the broader economic implications of the tariffs and the ongoing trade tensions between the U.S. and China.