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Fashion Stocks Soar After Trump Pauses Tariffs on All Countries But China

The US will temporarily impose a universal 10 percent tariff instead of the higher levies announced last week, but duties on China will climb to 125 percent.
Traders work on the floor of the New York Stock Exchange (NYSE) during afternoon trading on April 9, 2025 in New York.
The stock market rebounded Wednesday after Donald Trump dialed back his trade war. (Angela Weiss/AFP via Getty Images)

Fashion stocks rallied Wednesday as US president

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Further Reading

Executive Memo | An Action Plan for Navigating Trump’s Tariffs

US President Donald Trump’s tariff actions are raising costs for fashion businesses and throwing supply chains into disarray. As his administration prepares a new wave of duties, and other nations retaliate with tariffs of their own, executives have a variety of measures at their disposal to mitigate the impact, from pricing, sourcing and product strategies to financial actions.

About the author
Marc Bain
Marc Bain

Marc Bain is Technology Correspondent at The Business of Fashion. He is based in New York and drives BoF’s coverage of technology and innovation, from start-ups to Big Tech.

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