Fashion Stocks Rise After Tariff Pause

Fashion Stocks Rise After Tariff Pause

Donald Trump put a 90-day pause on all the sweeping, country-specific tariffs he imposed last week, except for China, leading to many fashion stocks rising on Wednesday. Instead of the heftier duties Trump originally announced, many of which fell hardest on apparel manufacturing countries, the U.S. will impose a universal 10% tariff on all trading partners, but it will increase levies on China up to 125%. Last week, many fashion companies saw th…