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According to the Yale Budget Lab, the average American household will pay $3,800 more a year as a result of the levies.
The claim that most luxury products are manufactured in China and then exported to the West for branding and resale is a topic of debate.
The global luxury sector, which has been facing slowing demand and an eroding customer base in the last several months, could be further hit by the escalating trade war between China and the US.
Scarves are the ultimate summer multitaskers. Tie one around your head to shield from the sun, drape it over your shoulders ...
Luxe and minimal, discreet carryalls continue to be one of the biggest trends in the handbag world. The truth is, when a bag ...
Karoline Leavitt has quickly developed a signature White House style. It includes lots of blazers, a pair of designer shoes, and a famous purse.
French businessman Bernard Arnault warned trade tensions with the US would wreak havoc on European businesses — criticising Brussels' negotiation skills. View on euronews ...
Pricey Birkin bags will soon cost even more — if you can even get your hands on one. Hermes, the high-end fashion house behind the A-list accessory, plans to hike prices on all its items in the US to ...