With U.S. tariffs on $34 billion of Chinese goods slated to go into effect July 6, the trade war between the world’s biggest economies has kicked into high gear. But luxury industry insiders, from executives to analysts to Gucci addicts, can be forgiven for any confusion over what this will mean to them.
Here’s Jing Daily’s fast guide to stories, including our own, that parse the potential impact of the escalating trade disputes on a variety of luxury markets and goods.
— The fashion industry is braced for impact: China accounted for 36.4 percent of global clothing exports in 2017.
— Airbus Chief Executive Tom Enders told CNBC he believes an escalation of the trade war could trigger retaliation from China that would ultimately affect air traffic.
— A duty-free upside? Dufry AG’s CEO told Jing Daily the duty-free company “would thrive in a more restrictive trade environment”—and why.
— And more good news… Jing Daily looked at how the changes might boost Tiffany’s bottom line.