Designer Rebecca Minkoff Does Not Plan to “Punish” Customers due to Recent Tariff Increase
With the recent tariff increase announcement, designer Rebecca Minkoff plans to “take a hit” by not inflicting pricing pains on her customers. Because Minkoff’s handbags are made in China, her products directly subject to the new tariff. Minkoff states “We're not looking to raise prices. I think we're willing to take a hit because it's not fair to pass off this punishment to our customer.”
Earlier this week, Trump announced 10 percent tariffs on $200 billion in Chinese goods. The duties will rise to 25 percent on Jan 1. Bejing retaliated with tariffs on $60 billion worth of American products.
Rebecca took a recent visit to Washington, DC to testify against the tariff. "The tariffs punish the wrong people, including the American consumer, and leave the playing field wide open for bad actors to continue to sell fake products using our IP," she testified.
She also has a line of accessories, footwear and apparel, has four U.S. retail stores, nine international locations and is distributed in over 900 stores around the world.