How Donald Trump's Trade Tariffs Could Hurt His Daughter's $100 Million Clothing Business

Ivanka Trump turned her speech at this year's Republican National Convention into a mini fashion show, appearing onstage in a rose-hued sheath from her namesake label and then nudging her Twitter followers to shop the "look." The dress she wore before about 39 million viewers in July cost $157 - a bargain, compared with her stepmother Melania Trump's $2,190 Roksanda gown."It's really possible to create great quality pieces that stand the test of time, that are beautiful," Ivanka Trump told the Wall Street Journal when her clothing line launched in 2012, "in more affordable price brackets."It's possible largely because they're made in China and Vietnam.Trump's father, President-elect Donald Trump, suggested Sunday that he wants to cut this supply chain, warning companies that shuttling work overseas could soon bring stiff penalties. "Any business that leaves our country for another country, fires its employees, builds a new factory or plant in the other country, and then thinks it will sell its product back into the U.S. . . . without retribution or consequence, is WRONG!" he wrote on Twitter. "There will be a tax on our soon to be strong border of 35% for these companies ......"  Continue reading...

Copyright The Dallas Morning News
Contact Us