'Multi-shoring' and Price Hikes: How Indie Fashion Brands Are Dealing With Tariffs – Latest Fashion Trends & Style Tips May 05, 2025 at 06:15PM
📰 'Multi-shoring' and Price Hikes: How Indie Fashion Brands Are Dealing With Tariffs ✨ Fashion Insights & Trends: In Donald Trump's first 100 days (back) in the Oval Office, he's hired Elon Musk, carried out deportations and proclaimed himself a candidate for the next pope. He's eliminated diversity, equity, and inclusion efforts , defended his Defense secretary for leaking classified military attack plans and renamed the Gulf of Mexico. And of course, there are the tariffs — taxes on imported goods believed to, and I'm paraphrasing, bring back American manufacturing and create jobs. On April 2, 73 days into this second term, the administration celebrated its "Liberation Day," when 25% import tariffs on Canada and Mexico took effect, and announced reciprocal tariffs on a range of U.S. trading partners. So, how's it going? Well, here's the latest: The U.S. economy shrank 0.3% in the first quarter of 2025, the first negative reading sinc...