Here is a summary of the article in 100 words:
The recent announcement of tariffs by President Trump has had a devastating impact on the fashion industry, with shares of companies like Restoration Hardware and Lululemon plummeting. While some see a potential silver lining in reduced consumption and a slower pace of fast fashion, experts argue that the tariffs will only accelerate the industry’s existing sustainability crisis. With reduced resources and increased pressure to cut costs, fashion companies will likely prioritize short-term profits over long-term sustainability initiatives. This could lead to further environmental damage and exploitation of workers in the industry.
