Trump's tariff promises have import-heavy retailers facing 'new reality'
Trump's tariff promises have import-heavy retailers facing 'new reality'
Fashion and apparel brands from Steve Madden to Under Armour, e.l.f. Beauty, and Ralph Lauren are preparing for President-elect Donald Trump’s promised tariffs.
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.
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Ohh never corporate parasites will have to charge more for plastic trash nobody needs.
We got the cotton, we got the machines and know how and we got the people to make this shit properly here for a marginal surcharge
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.
Why is u hurt at the idea of shit being made in us, boy?
You do understand that Us is second in industrial output?
You can buy us made clothes today, right now
Industry could scale if people bought American made shit.
But nahh get you china plastic slop lol consoom peasant 🤡
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.
US manufacturing investment is highest in decades since biden providing state aid to "private" sector for these investments.
Y'all don't seem to have a grasp on the current industrial policy.
Granted garments industry is not covered but there also US made clothes if you care...
But peasants prefer to bug endless plastic trash from Temu to wear ones. This fucking accountability for brain dead consumption patterns
Bros acting like the only thing people buy is clothes, like it's the motherfucking 1800s.
OP is literally has pictures of garments and they one of the worst offenders.
We can discuss broader Us industrial policy and tariff implications if you prefer.
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.
Trarif policy will be implemented on per category basis.
We have not seen any details yet.
Price gouging increased prices with excess revenue going to corporate.
I don't even support the policy just think y'all having a melt down prematurely lol
But some tarif is warranted at the min cost a visit China and EU and jap at least to equalize them
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.
I don't support prividing state aid to pad rich peoples profits.
If Us is investmenting, then it should get debt or equity at FMV like any other private investors.
Okay so you're an idiot great. I guess we should stop all subsidies on our fuckin food and roads then too right?
There is no subsidies for roads feds own the intermediate system, states own rest of the rosds.
Agriculture subsidies aren't profits for cargill and other parasites in the US. EU has a better system but US it is just extraortioj racket.
We literallt subsidizing corpos who are poisoning and the state permits them
You got ultra normie understanding of how the world works, LARPing too much teeve, boy?