Trump Blinked after Chinese Brands Took to TikTok to Blow Up the Luxury Goods Market
Trump blinked, and China won. Perhaps U.S. President Donald Trump expected China to cave like a house of cards under the weight of his tariff war. But Chinese manufacturers responded to the tariffs by taking to TikTok and exposing the Western luxury brands markets.
Trump likely repealed some of his heaviest tariffs for two reasons: 1) American consumer c…
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