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.
Say you've been purchasing from China but now that's looking too expensive. You bust out your Excel sheet and find out you can spin up an American factory and still crank out the goods for just a bit more than before. Great!
But you already know what's going to happen. The tariffs will cause high prices, turn out to be wildly unpopular, fuck up the economy and get rescinded. You want to get caught holding the bag with your brand new factory? Best just to ride it out, Trump will be out of office in 4-years, if not sooner.
US manufacturing investment is highest in decades since biden providing state aid to "private" sector for these investments.
Y'all don't seem to have a grasp on the current industrial policy.
Granted garments industry is not covered but there also US made clothes if you care...
But peasants prefer to bug endless plastic trash from Temu to wear ones. This fucking accountability for brain dead consumption patterns
Bros acting like the only thing people buy is clothes, like it's the motherfucking 1800s.
OP is literally has pictures of garments and they one of the worst offenders.
We can discuss broader Us industrial policy and tariff implications if you prefer.
The tariffs are on everything, not just clothes. But even just looking at the clothes aspect, how do you think increasing the price of clothes, which people need, will be good for the American people?
Forcing people to spend more money on stuff is not going to help them.
Trarif policy will be implemented on per category basis.
We have not seen any details yet.
Price gouging increased prices with excess revenue going to corporate.
I don't even support the policy just think y'all having a melt down prematurely lol
But some tarif is warranted at the min cost a visit China and EU and jap at least to equalize them
You don't support it but you think it's warranted?
Why not prop up local manufacturing with subsidies? You know, make things cheaper to buy.
I don't support prividing state aid to pad rich peoples profits.
If Us is investmenting, then it should get debt or equity at FMV like any other private investors.
Okay so you're an idiot great. I guess we should stop all subsidies on our fuckin food and roads then too right?
There is no subsidies for roads feds own the intermediate system, states own rest of the rosds.
Agriculture subsidies aren't profits for cargill and other parasites in the US. EU has a better system but US it is just extraortioj racket.
We literallt subsidizing corpos who are poisoning and the state permits them
You got ultra normie understanding of how the world works, LARPing too much teeve, boy?
Okay, so the government pays for the roads. And the government gives money to farmers. It makes food cheaper. And it keep your roads drivable.
Tariffs are just taxes on imports, so you're indirectly paying the government to buy the same things but for more money.
Why have more taxes when the government could prop up local industry instead? I'm sorry that a hard concept for you to understand bud.
Lol so you don't really know how famring subsizing operate. Cute.
It make slop cheaper for sure tho... Yum 🤡
You really should study topics you discuss esp if you are going to have this bravado.
So far you fumble with info you heard on teevee.
So are you saying that subsidies aren't money given to farmers? I mean it sounds like you're admitting that it is but don't want to?
Here is an article that covers at high level my position re structuring of US DOA policy specifically but also more broadly how US federal funds are being disbursed in practice. It does not cover part where these subsidies don't result in lower prices, they are straight cash transfers into pockets of the people who owner these mega corps.
https://www.landclimate.org/the-cargill-playbook/
A basic litmus test to cross reference this thesis would be: are we getting more or less small hold farmers? Are mega corps getting bigger?
If the government is giving money to the farmers, why are we getting less farmers? Why do we have oligopolies in all key sectors of our economy.
Those issues arise from capitalism. That's going to happen regardless whether or not you have subsidies. If you wanted subsidies to only help smaller farmers then the subsidies need to work that way.
I certainly bet if the US government stopped giving out those subsidies then the price of our food would go way up.