Tariff Tango: How Fashion's Global Dance Party Hits a Rough Patch The collapse of US Canada trade talks minutes before the midnight deadline for 50% tariffs on $20 billion worth of Canadian goods sent shockwaves through global markets, leaving fashion industry insiders scrambling.
The timing couldn't be worse for an industry still reeling from 2018 tariffs imposed on Chinese goods. Those duties forced many brands to find new suppliers and pass the added costs on to consumers in higher prices.
Now, as US Canada trade talks implode, the ripple effects threaten to disrupt supply chains again.