Here is a summary of the article in 100 words:
The fashion industry is reeling from US President Donald Trump’s tariffs on imports from over 180 countries, including 54% duties on China, 46% on Vietnam, and 29% on Pakistan. The tariffs will affect fashion supply chains, raising prices and causing fluctuations throughout the industry. Many fashion stocks have plummeted, and luxury goods are expected to rise in price. Smaller independent designers may struggle to survive, while luxury giants may adapt. The tariffs will also impact consumers, with prices expected to rise and counterfeits becoming more appealing. The situation is complex and has sparked widespread uncertainty.
