How might Trump's tariffs affect the luxury goods market?

How might Trump's tariffs affect the luxury goods market?

Despite the 90-day pause on most of President Donald Trump's tariffs, 10% duties still remain. This trade policy could have a whipsawing effect on Americans' ability to purchase offshore luxury goods. The prices of basic necessities have already bounced up and down due to the tariffs, and the market for more high-priced items may also feel some pain.When it comes to the foreign luxury market, high-end clothing will likely be the most affected by…

It's Easter, so Morgenpost from the USA has been to the Trump store to sizzle.

João Borges de Assunção: "The maze of Trump's tariffs" admin Wed, 04/16/2025 - 09:31 Trump's tariffs are an incoherent narrative. The current scenario points to the imposition of 10% tariffs on almost all countries, with the exception of Canada and Mexico, and specific punitive tariffs on China. In addition, there is a heterogeneous set of tariffs, varying in magnitude, applicable to different products and industries. There is a general consensu…