Will Donald Trump's Presidency Make Clothing More Expensive? [Yahoo! Finance]
ThredUp Inc. - Class A (TDUP)
Company Research
Source: Yahoo! Finance
The major question from both brands and consumers is whether or not clothing is about to get more expensive. And while we don't know the answer for sure, based on the policy promises Trump ran on, there is a solid chance that apparel, shoes, and accessories could get pricier under his second go at the presidency. According to CNBC , “Trump has said he would impose a 10% or 20% tariff on all imports across the board.” For goods made in China, that rate could go up as high as 60% and 100%. Tariffs will impact everyone involved in the supply chain, but the financial burden (those percentages above) will be on the brands that import goods like clothing. This is particularly of interest to people in fashion because nearly 98% of apparel is made outside of the United States . And even the pieces assembled in the U.S. often have some piece of the supply chain outside of the country – most notably in Asia. Brands will likely offset that cost by either raising prices for customers or cutti
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TDUP
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- 11/4/24 - Miss
TDUP
Sec Filings
- 11/20/24 - Form 4
- 11/19/24 - Form 4
- 11/18/24 - Form 4
- TDUP's page on the SEC website