The Association of American Publishers chief is polling its membership to predict where Donald Trump’s China tariffs on books could do the most damage.
‘A wide range of other books remain on the list’ for near-term tariffs, notes AAP’s Maria A. Pallante, ‘including American fiction and nonfiction.’
The APA’s latest report on audiobook sales in the US shows that the format has seen double-digit growth for the last seven years.
In the US, book publisher revenue for April of this year was $793.5 million, down $13.1 million (-1.6 percent) compared to the same month last year.
When it’s ‘impossible for suppliers to reach their consumers without’ platforms the publishers’ association argues, market power ‘warrants close scrutiny.’
With some softness in educational sectors, the UK industry reports its crucial export sector is holding steady ahead of the potential upheaval of Brexit.
Describing a gradual decline in revenue for the US book business, the AAP’s StatShot annual report estimates that the industry made $25.82 billion in 2018.
Imposing tariffs on books printed in China would ‘severely compromise’ industry capabilities and ‘upend decades-long US policy’ on the freedom to publish.
As representatives of the Association of American Publishers testify on Trump’s proposed tariffs on books and other goods from China, US book sales for the first quarter are positive.
The February update from the Association of American Publishers shows solid gains in children’s and religious books, and hardbacks with a 3-percent growth.