Shares of Chinese duty-free retailers soared on expectations of stronger consumer demand, as rising tariffs on imports could drive up prices at mainstream retailers.
As European and American luxury brands contend with escalating tariffs, industry leaders must navigate higher costs, supply chain disruptions, and changing consumer sentiment.
Opinion: Luxury brands are increasing their prices to offset rising tariffs. However, without enhancing their value proposition, these price hikes may backfire.
Beijing’s sweeping retaliatory measures escalate trade tensions as Trump’s tariff war intensifies, affecting all American exports to China.
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