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This Week: Trump’s Tariffs, New York Fashion Week, Retail Earnings

The president made good on threats to tax imports from China, Mexico and Canada. Meanwhile, New York’s schedule is missing some big names, but added a high-stakes debut at Calvin Klein. Plus, Ralph Lauren, e.l.f., Tapestry and others report fourth-quarter results.
Designer Willy Chavarria walks the runway during his Ready to Wear Spring/Summer 2025 fashion show.
Designer Willy Chavarria walks the runway during his Ready to Wear Spring/Summer 2025 fashion show. (Getty Images)
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BoF PROFESSIONAL

On Saturday, the Trump administration implemented 25 percent tariffs on all imports from Canada and Mexico, as well as a 10 percent levy on goods from China. Like TikTok influencers in denial about the ban a couple weeks ago, many in the fashion industry were hoping until the last minute that the tariff threat was just bluster. Unlike the TikTok ban, which President Donald Trump temporarily waved away with an executive order, the tariffs appear here to stay. Trump said on Friday that there were

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About the author
Brian Baskin
Brian Baskin

Brian Baskin is Executive Editor at The Business of Fashion. He is based in New York and oversees BoF's beauty, retail, direct-to-consumer, technology, marketing and workplace verticals.

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