The luxury market in 2025 faces unprecedented challenges due to the Trump administration's new tariff policies. Luxury brands, already struggling in a tough market, now encounter additional hurdles that threaten to deepen their woes.
Luxury automobiles, which saw a 5% decline to $641 billion last year, are preparing for further turbulence. Similarly, the personal luxury goods sector, which dropped 2% to $402 billion in 2024, faces an even steeper decline if the proposed tariffs take effect.
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