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Podcast: Possible Consequences of Trump’s Import Duties for Fashion Sector
President Donald J. Trump unveiling new US tariff policy on April 2, 2025, at the White House, Washington D. C. (US). Credits: The White House. On April 2, US President Donald Trump announced an unprecedented series of import duties, which could amount to 54 percent for fashion imports from key production countries such as China and Vietnam, and 20 percent for goods from the EU. These measures caused panic on global markets, increased the chance of a recession in the US, and caused sharp falls in the share prices of major fashion companies such as Nike, Victoria's Secret and VF Corp. Sustainability correspondent Sarah Kent and luxury spokesperson Simone Stern Carbone, along with editor Brian Baskin and correspondent Sheena Butler-Young, discussed the implications of the levies for production, luxury brands, consumer behaviour and possible shifts within the industry. Source: Business of Fashion. This article was translated to English using an AI tool. FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@fashionunited.com
On April 2, US President Donald Trump announced an unprecedented series of import duties, which could amount to 54 percent for fashion imports from key production countries such as China and Vietnam, and 20 percent for goods from the EU. These measures caused panic on global markets, increased the chance of a recession in the US, and caused sharp falls in the share prices of major fashion companies such as Nike, Victoria's Secret and VF Corp.
Sustainability correspondent Sarah Kent and luxury spokesperson Simone Stern Carbone, along with editor Brian Baskin and correspondent Sheena Butler-Young, discussed the implications of the levies for production, luxury brands, consumer behaviour and possible shifts within the industry.
Source: Business of Fashion.
FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@fashionunited.com
This article was translated to English using an AI tool.
