No country wins in a trade war. Few companies win either.
Even companies like Moog. They make amazing synthesizers like the System 55 pictured above.
They are now asking their customers to write to congress about the negative consequences of tariffs on Moog.
Here is the form letter:
Dear (Congressman or Representative):
I am writing you on behalf of Moog Music, a company of 100 employee-owners, based in Asheville, North Carolina. I am urgently contacting you about the recently announced 25% tariff on Chinese goods.
In case you are not familiar with Moog, they manufacture the world”™s leading analog synthesizers used by artists including but not limited to Michael Jackson,The Beatles, Radiohead, Stevie Wonder and many others.
Roughly half of the circuit boards and associated components for Moog”™s instruments come from China. This tariff would significantly limit their ability to manufacture synthesizers, and could put many of their employee-owners out of a job.
As an employee-owned company with a 60-year legacy in American manufacturing, Moog constantly strives to keep a balance between domestically- and internationally-sourced parts, so that they can continue employing people from their local community in Asheville, North Carolina.
Moog sources circuit boards from US suppliers whenever possible, paying up to 30% over the price of the same circuit boards made overseas. However, whether they buy circuit boards in the US or overseas, the majority of the raw components still come from China. Therefore, Moog will be unable to avoid this substantial cost increase because of the tariffs.
These tariffs will immediately and drastically increase the cost of building Moog instruments, forcing them to lay off American workers and will require Moog to move some, if not all, of their manufacturing overseas.
I do not want to see the end of Moog”™s 60-year legacy in American manufacturing. I do not want their employee-owners left without jobs. I want American workers to continue have the opportunity to support their families and their community.
I implore you to convince the President that these Chinese tariffs cause serious damage to American workers like those at Moog and to rescind them immediately.