The latest US inflation data, covering the weeks after the Trump administration’s tariffs kicked in, shows prices for clothing declined at their fastest pace in years. Consumers shouldn’t get complacent though — many experts say sticker shock is still coming.| The Business of Fashion
Trump has spent the last few months directing his ire at economic officials — first at the Fed, and now at the Bureau of Labor Statistics, which collects and reports economic data.| The Business of Fashion
Asian manufacturing hubs for fashion and footwear including Vietnam, Indonesia, Cambodia and India have said they won’t retaliate against Trump’s tariffs and are willing to make concessions.| The Business of Fashion
The Trump administration’s radical changes to US trade policy won’t push retail prices up enough to directly dampen sales, but the effects on the global economy and consumer sentiment could seriously dent an industry still struggling to bounce back from a sharp downturn in demand.| The Business of Fashion
As the de minimis loophole is set to close in the US, the fate of fast-fashion purveyors Shein and Temu, who announced price increases effective today, hangs in the balance.| The Business of Fashion
With Google’s online advertising business declared an illegal monopoly and Meta at risk of spinning off Instagram, the digital advertising market could be headed for an overhaul with a looming recession in the backdrop.| The Business of Fashion
The timing and rate of the price hikes suggest cost shocks are reverberating through the retail supply chain.| The Business of Fashion
President Donald Trump said he had reached a trade deal with Vietnam following weeks of intense diplomacy between the nations and ahead of a deadline next week that would have seen higher tariffs imposed on the country’s imports.| The Business of Fashion
The 25 percent rates do not include any sectoral-specific tariffs that the Trump administration would separately implement on goods imported in key industries.| The Business of Fashion
Facing potential US tariffs, Chinese e-commerce platforms like Temu and Shein are increasing their focus on European markets, though merchants remain largely committed to the US due to its scale and lower regulatory hurdles.| The Business of Fashion
A luxury stocks index compiled by Goldman Sachs Group Inc. has shed more than $200 billion from its February peak. LVMH reports 1Q sales Tuesday as hopes are evaporating that US resilience or Chinese stimulus can spark a lasting rebound.| The Business of Fashion
‘There’ll be a transition cost, and transition problems, but in the end it’s going to be a beautiful thing,’ Trump said Thursday during a Cabinet meeting. ‘We’re in very good shape.’| The Business of Fashion
Discover the latest news, insight and analysis about Donald Trump on The Business of Fashion. Our articles offer comprehensive coverage of industry leaders, including companies and individuals, and their impact on the fashion, luxury and beauty industries.| The Business of Fashion
Six years after Bernard Arnault and Donald Trump cut the ribbon on a Vuitton plant in rural Texas, a Reuters investigation has uncovered significant underperformance at the handbag plant, underscoring the hurdles LVMH faces as it attempts to build its production footprint in the US.| The Business of Fashion
As the shock wears off, fashion businesses are starting to draw up plans to navigate a market that is still rapidly changing under their feet.| The Business of Fashion