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.
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.