Since early April, it’s been tariff turbulence. But now? A 90-day truce. The US and China just agreed to dial back duties, with US tariffs on Chinese goods dropping from 145% to 30%, and China cutting duties on US imports from 125% to 10%. For now...
As prices surge and profit margins tighten, brands are turning tariffs into marketing moments — from pre-tariff flash sales to tariff price labeling. According to ThredUp, 59% of US shoppers are turning to more affordable options — like secondhand fashion — in response to Trumps' chaos economy. That number jumps to 66% among Gen Z.
Meanwhile, ‘buying local’ is taking center stage. Consumers' desire for locally-made products has evolved from a niche preference to an economic and political statement. Escalating trade tensions mean that the appeal of ‘local’ extends beyond authenticity, with provenance becoming a way for consumers to express both political values and cultural identity.
For brands, this shift necessitates a rethink of heritage and supply chain stories in ways that build economic resilience while appealing to increasingly discerning buyers. How will you cater to consumers who leverage their purchasing power as an expression of solidarity and defiance?
