Here is a 100-word summary:
The recent US tariffs on imported goods may lead to a significant increase in consumer prices for clothing, electronics, cars, and other products. Economists warn of potential price hikes of 20-25% due to tariffs on countries such as China, the EU, and others. The fashion industry is particularly affected, with many independent designers and small brands relying on global supply chains. Industry experts predict that prices will increase across all income brackets, with luxury brands feeling the impact first. Some brands may absorb the costs, while others will pass them on to consumers or shift pricing strategies to gain an advantage.
