🛍️ Imagine eyeing that dream designer handbag and then seeing the price skyrocket overnight…
Since the new US-EU trade deal took effect, European imports now face a 15% tariff at the US border. That means top names from Gucci to Ferrari are hiking prices stateside, and shoppers are feeling the pinch. 😲💸
Price tags go up, demand goes down
High-end boutiques in New York and L.A. have adjusted tags by 1020% overnight. Online, customers are slowing their scroll, delaying splurges or hunting for secondhand treasures. One luxury fan in Miami said, "It feels like inflation hit my shopping cart."
Brands rethink their playbook
Analysts warn that prolonged tariffs could reshape the luxury market. Brands are testing digital pop-ups, limited drops, and virtual try-ons to keep the buzz alive without breaking wallets. Some are eyeing fresh growth in Asia and Latin America.
What’s next?
Travel-savvy shoppers might snag better deals in Europe or on resale platforms. Meanwhile, the luxury sector is pivoting with NFT collabs and immersive shopping events. The high-end world is adapting fast—so which brands will shine on this uncharted runway? 💼✨
Reference(s):
Prices on luxury products rise amidst trade deal between US and EU
cgtn.com
