The True Cost of Tariffs
Talk about tariffs has been filling newspapers, websites, airwaves, boardrooms, factory floors and dinner tables for a while, but reality is just starting to sink in now. What are the true costs of tariffs, and who is going to be paying for them? [To listen to the podcast, CLICK HERE] While many brands and retailers have already decoupled at least part of their supply chains from China after the last round of tariffs, they’re finding that other countries aren’t such safe havens either. With current tariffs on Chinese imports standing at a whopping 145 percent, and universal tariffs on most countries at 10 percent, rising prices seem to be an inevitability. Some of those additional costs will be absorbed by the brand, some will be renegotiated with suppliers and some will be passed along to the consumer. The exact ratios will vary by company and even product on a case basis, but one truth remains: the impacts will be hardest on small businesses. Ian Fredericks, Hilco Here, Ian Fredericks, president and CEO of Hilco Consumer-Retail, chats with Lauren Parker, director, Fairchild Studio, about how tariff worries — real and perceived — are affecting shopping behavior, inventory and pricing, and how the industry can bestFollow WWD on Twitter or become a fan on Facebook.
from WWDRecent Stories https://ift.tt/SYrdsgK
0 comments:
Post a Comment