Finished apparel has largely avoided the US tariffs on Chinese goods — but Ralph Lauren may need to work directly with Chinese suppliers
New York — The Trump administration’s latest round of Chinese tariffs may spell bad news for the preppiest US summer staple: the Ralph Lauren polo shirt.
“Think sweaters, polo shirts, some of our footwear,” CEO Patrice Louvet said in an interview after the company reported fourth-quarter results. “As you can imagine, we are working on different scenarios, absolutely.” So far, the average US consumer has largely escaped direct impact from US tariffs on Chinese imports, with the previous rounds focusing more on agricultural items such as fish and produce. Some consumer-facing products didn’t escape the first rounds, from handbags to furniture, but finished apparel was largely spared — until now. The proposed list of additional tariffs, released late on Monday, includes more than two dozen pages of clothing items alone.
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