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.
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…