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.
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.