How Trump’s Tariffs Could Hurt High-End Fashion Trump’s proposed tariffs on imported goods could have a major impact on luxury fashion brands. Many high-end designers rely on materials and manufacturing from

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**Explainer: How Trump’s Tariffs Threaten Luxury Fashion**

The Trump administration’s drastic changes to U.S. trade policy may not raise retail prices enough to directly hurt sales, but the broader impact on the global economy and consumer confidence could deal a serious blow to an industry still recovering from a sharp decline in demand.

The Trump Administration’s trade policies will have a sweeping impact on fashion. (Getty Images)

By Joan Kennedy, Simone Stern Carbone
April 4, 2025
BoF PROFESSIONAL

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