Experts say Trump’s tariffs could corrode the already struggling luxury-goods market, which is expected to shrink for the first time since the Great Recession
MILAN (AP) — Global sales of personal luxury goods are forecast to shrink in 2025 for the first time since the Great Recession, according to a Bain consultancy study released Wednesday. The outlook could worsen if the sector is hit by tariffs promised by Donald Trump. “This could be a nightmare if implemented,’’ Claudia D’Arpizio, co-author of the … Read more