Live music and instrument market stocks crash due to Donald Trump’s tariffs

US President imposed tariffs on imports from a number of countries

Donald Trump‘s tariffs have caused live music stocks to crash and inflicted “damage” on the instrument market.

Back in February, President Trump signed an executive order to impose tariffs on imports from a number of countries but due to backlash, he delayed the majority of them.

Trump said the measures were payback for unfair trade policies, adding that he had been “very kind” in his decisions. He believes the move will “make America wealthy again” but the news triggered a slump in the global stock market, with US markets having their worst day since COVID (via the BBC News). China also retaliated by announcing plans to add an additional 34 per cent tax on all imports from the US.

As a result of the tariffs, stocks in the music industry also took a major hit. According to Billboard, radio giants particularly got rocked the hardest with iHeartMedia stocks falling more than 13 per cent, Cumulus Media dropping over 10 percent, followed closely by SiriusXM.

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Models include the ‘American Eagle Series’ and the ‘God Bless The USA’ design, and can cost as much as $11,500
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Live music also took a blow too with Sphere Entertainment’s stocks, which staged the recent U2 and Phish gigs in Las Vegas, dropping almost 14 per cent but it has since rallied.

MSG Entertainment and Live Nation saw their stocks fall as well, while Vivid Seats and Eventbrite also lost value, which means they could face increased costs and potentially softer consumer demand.