
Trump’s trade war shatters hopes of 2025 luxury revival
Donald Trump’s trade war has shattered expectations for a US-driven recovery in the luxury market this year, as tariffs threaten to prolong a slump in demand for handbags and high-end watches. The US and China, the twin engines powering global demand for luxury goods, have continued to ratchet up tit-for-tat import duties on one another’s…