Fashion braces for a 15 percent tariff in Trump’s ‘Big Beautiful Deal’

The fashion industry has always been attuned to the political currents that ripple through global commerce, and is once again realigning its seams. This weekend, a long-anticipated agreement between the United States and the European Union appeared to put an end to the looming threat of a full-blown trade war. As reported by Politico, negotiations culminated in the Trump administration backing down from its proposed 30 percent blanket tariffs on EU goods, settling instead on a 15 percent rate contingent upon a 600 billion dollar investment pledge from the EU into the U.S. economy.