“My employees are so valuable to me. They have this institutional knowledge and rely on their income from this job to support their families”: EarthQuaker Devices CEO reveals the Ohio-based business is at risk of going bankrupt amidst tariff uncertainty
www.guitarworld.com
The boutique pedal company has forecasted that, should the trade war persist, the cost per pedal would increase from 2 cents in April to $12.80 in December
  • jontree255@lemmy.worldEnglish
    231·
    2 days ago

    If EQD can’t survive, then no boutique pedal company in the US will. An entire industry of American companies will be wiped out.

    EQD is a prime example of how insanely stupid Trumps tariffs are and how they’re not going to magically bring manufacturing back to the US. EQD literally builds everything in the US. They are the “people turning little screws” that one fucking dipshit talked about. The chips and components still come from overseas and that shit ain’t moving to the US.

    Fuck Donald Trump and all his sycophants.

  • mannycalavera@feddit.ukEnglish
    31·
    1 day ago

    Alongside her speech, she also provided written testimony showing that, over the course of 2025, the tariffs would result in the cost per pedal increasing from 2 cents on April 27 to $12.80 on December 28th – a 640% increase.

    Trumps tarrifs are dumb as fuck but 2 cents to make a pedal? LOL wut? Is that a typo? How is it possible to make a pedal for 2 cents?

    • phant@lemmy.worldEnglish
      2·
      1 day ago

      Nah, I think what they’re saying is that; at April 27 tarrifs added 2c to the cost of their pedals, but that will increase 640% to $12.80 later this year. It’s worded weirdly and took me a while to get (if I do understand correctly), but i don’t think it’s a typo.

      • phant@lemmy.worldEnglish
        4·
        1 day ago

        To expand. Let’s say a pedals raw BOM* cost is $30.
        Plus old tarrifs = $30.02.
        Plus new tarrifs = $42.80.

        (*Bill of materials)

        • mannycalavera@feddit.ukEnglish
          2·
          21 hours ago

          Oh right 👍. Yeah that makes a lot more sense.

          For a second I thought they were making obscene profits from 2 cent child labour pedals. No no, this makes way more sense 😁.