A Tariffs Breakdown by Vogue Business

by Jacqueline A. O'Neill · Published August 4, 2025 · Updated August 4, 2025

Where tariffs stand now by Vogue Business

Trump’s tariffs are supposed to be kicking in today, but fashion brands, retailers and manufacturers are still scrambling to make sense of it all. Madeleine Schulz has broken them down by country, and what they mean for fashion.

Meanwhile, during this bumper earnings season, which has so far seen pretty dire results, companies from Hermès to Burberry and Ferragamo highlight the impact of the tariffs — and subsequent consumer uncertainty — on their financials. Look out for Laure Guilbault’s Advanced Member report on this earnings season, coming on Monday.

The Milan Fashion Week Spring/Summer 2026 schedule is here

Basically, this August isn’t going to be as relaxing as its predecessors. If anything, it all raises the stakes for September even more. The Milan Fashion week schedule is finally out, following New York, London and Paris, which were published last week.

Copenhagen Fashion Week cheat sheet: Spring/Summer 2026

Though, things really kick off on Monday, at Copenhagen Fashion Week. Lucy Maguire created a cheat sheet for those travelling to the Danish capital, and will be on the ground taking over this newsletter with dispatches throughout the week.