US EditionUS thrift stores bank on windfall from Donald Trump’s tariffs
- Trump's tariffs will raise clothing prices by 65% and shoe prices by 87% within the next year, according to an analysis by the Yale Budget Lab.
- Lower-Income households are expected to be impacted the most by the end of the 'de minimis' exemption and rising clothing prices, as stated by UCLA and Yale economists.
- Resale markets are predicted to grow significantly as consumers turn to secondhand shops for affordable options, according to Kristen Classi-Zummo, an apparel industry analyst at Circana.
- Companies selling secondhand clothing, like Poshmark and ThredUp, expect to benefit from the tariffs, with insights from their CEOs about increased customer interest.
39 Articles
39 Articles
Thrift stores could see business boom as tariffs hike clothing prices
(NewsNation) — As tariffs threaten to raise prices on everything from groceries to apparel, secondhand stores and resale platforms are poised to see a surge in business. Since nearly all clothing sold in the United States is imported, tariffs are expected to hit apparel particularly hard. Many Americans are already seeing emails from retailers warning of upcoming price hikes and shortages, but some cost-conscious consumers are turning to thrift …
Say goodbye to affordable clothing
Trump’s tariffs will touch the vast majority of industries, but apparel — clothes, shoes, accessories — will be particularly impacted. Around 98% of clothing sold in the U.S. is imported, primarily from China. In this episode, we look at how tariffs have complicated the apparel supply chain. In short? Even fast fashion may no longer be cheap. Plus: The services sector braces for tariff-induced stings, home sales rose in March and a community ban…
Trump’s tariffs could be a major boon for secondhand stores
Stores selling secondhand clothes, shoes and accessories are poised to benefit from President Donald Trump’s trade war even as businesses the world over race to avert potential damage, according to industry experts. American styles carry international influence, but nearly all of the clothing sold domestically is made elsewhere. The Yale University Budget Lab last week estimated short-term consumer price increases of 65% for clothes and 87% for …
Sellers of Secondhand Clothes Prepare for Tariffs to Give Their Businesses a Boost
NEW YORK (AP) — Stores selling secondhand clothes, shoes and accessories are poised to benefit from President Donald Trump’strade war even as businesses the world over race to avert potential damage, according to industry experts. American styles carry international influence, but nearly all of the clothing sold domestically is made elsewhere. The Yale University Budget Lab last week estimated short-term consumer price increases of 65% for cloth…
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