Summary
Following Donald Trump’s election victory, proposed tariffs of 10%-20% on general imports and 60% on Chinese goods are raising concerns across the fashion, beauty, and footwear industries.
Companies like Steve Madden, Under Armour, and e.l.f Beauty are assessing impacts, with some, such as Steve Madden, planning to reduce reliance on Chinese suppliers.
Tariff fears have already affected retail stocks, and executives acknowledge the industry is now more prepared for trade disruptions.
Many brands, including Ralph Lauren and Tapestry, have diversified sourcing in anticipation of restrictive trade policies.
I don’t think that most people really just how big of a deal a 60% tariff on Chinese goods would be. This isn’t like paying a bit of extra sales tax. Nearly everything is made in China. This is going to be an absolutely devastating move, as in nearly everything suddenly doubles in price and becomes unaffordable.
How the fuck do so many people think that the economy is going to be better under Trump than Harris? I really don’t get it. If the economy was one of my top issues (it isn’t), then that would make me even LESS likely to vote Republican.
But things got more expensive when Biden was president, so if we put Trump in the white house prices will go back to where they were.
Also he’s gonna make China pay taxes instead of us.
And he’s gonna get rid of all them immigrants that are draining the economy with their… uh… crime and pet eating and stuff.
This is such a ridiculous argument. “Things are bad, so anything different MUST be better.”
In the words of George Carlin: “Imagine how stupid the average person is, then realize half of all people are stupider than that.”
Yes, reading your post, that Carlin quote is exactly what I thought about.
Hey, it will mostly affect affordable consumer goods. High-end luxury brands will be least affected. So if you’re obscenely rich, it’s no issue! Problem solved!
Rest-assured there will be exemptions for Amazon, Walmart, and any billionaire CEO that calls Trump an economic genius.
If not, Jeff Bezos is about to go broke. These days, 99% of Amazon is imported Chinese crap, and about half of that could realistically be classified as “garbage.”
Amazon could go out of business tomorrow and Jeff Bezos would still not go broke.
Thanks for this. I needed that little bit of a bright side.
I owe my soul to the company store.
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And the rest of us!
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We don’t. The infrastructure just isn’t there to start major manufacturing in the US at the whim of a moron. There needed to be some kind of plan in action to build something out before he tries to fuck everybody with tariffs.
The plan was to continue to buy cheap stuff from China and forget about the problems that it created. No evidently our infrastructure does suck, what is going to make that change, price.
Correct, but who is going to bear the brunt of the cost? I’ll give you a hint, it’s sure as hell not gonna be Trump’s cronies.
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Maybe it’s more that they’re being realistic about USA manufacturing capacity and costs of spinning up new production lines.
Not to mention the cost of everything going up and wages being stagnant so when things get more expensive it will be harder for everyone. Not like people have a bunch of extra money laying around.
If you really think it’s that easy you’re very naive.
This exactly. It’s hard to have any type of interaction with people who refuse to differentiate between fantasy and reality…
Say you’ve been purchasing from China but now that’s looking too expensive. You bust out your Excel sheet and find out you can spin up an American factory and still crank out the goods for just a bit more than before. Great!
But you already know what’s going to happen. The tariffs will cause high prices, turn out to be wildly unpopular, fuck up the economy and get rescinded. You want to get caught holding the bag with your brand new factory? Best just to ride it out, Trump will be out of office in 4-years, if not sooner.
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Bros acting like the only thing people buy is clothes, like it’s the motherfucking 1800s.
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The tariffs are on everything, not just clothes. But even just looking at the clothes aspect, how do you think increasing the price of clothes, which people need, will be good for the American people?
Forcing people to spend more money on stuff is not going to help them.
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You don’t support it but you think it’s warranted?
Why not prop up local manufacturing with subsidies? You know, make things cheaper to buy.
STFU! He hasn’t even taken office yet and news companies can’t stop themselves from falling all over the horrible impacts of all his policies. Just stop! It’s exhausting.
Imagine being this much of a bootlicker.
Bootlicker? I hate trump. It’s just pointless to author a 1000 articles about his policies right now because the dude is a habitual liar. Who knows what’ll happen when he actually takes office? It’ll be bad, but it’s unlikely to be any of his promised actions, because he never keeps his word. News agencies should be reporting on actual news that has happened, that affects us today. But trump gets clicks, so they’ll keep pointlessly reporting on him, ignoring the real news.
