March 19, 2025 • 19 mins
In this episode we are happy to have fashion designer Wangda and we chat with Fashion Reverie
Associate Editor Kristopher Fraser about his timely article “How Trump’s Tariff Tirade Could Affect Fashion”
Associate Editor Kristopher Fraser about his timely article “How Trump’s Tariff Tirade Could Affect Fashion”
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:21):
Welcome to Fashion Reveree Talks.
Speaker 2 (00:22):
I'm Christopher Frasers filling in for the beautiful Miss Sissily Daniels.
Speaker 3 (00:27):
And i am Tiana Ibrahimovic.
Speaker 2 (00:29):
Fashion Reverie takes you from the front lines of fashion
to the front rows.
Speaker 3 (00:33):
All of Fashion Reverie Talk segments are based on published
content found on Fashion reverie dot com.
Speaker 2 (00:40):
So remember, if you want more information on the segments,
go to Fashion referee dot com. And if you like
this episode, don't forget to subscribe and hit the like
button on this episode of YouTube.
Speaker 3 (00:51):
In this episode, we are happy to have fashion designer
Wangda and we chat with Fashion Reverie Associate editor Christopher
Fraser about his timely artile how Trump's tariffs could affect fashion.
But let's start with fashion news. All of our news
segments are based on the fashion news alerts found on
(01:11):
Fashion reverie dot com.
Speaker 1 (01:14):
All right, I'm going to kick off our fashion news.
Speaker 2 (01:17):
So first off, in a move that said the whole
fashion world spinning, Donna Tella Versace is stepping away from
the creative director roled at the namesake Versace brand, which
her brother founded, and she's held that role of creative
director since about nineteen ninety seven or maybe ninety eight
the late nineties. I believe after his very unfortunate passing,
(01:41):
Dario Vitale, who was the former senior designer at Meu Meu,
will now be at the new Versace creative director, while
Donna Tella will be stepping into the role of Chief
Brand Officer, So she will still be at Versace in
a C suite position, but she will no longer be
the chief designer.
Speaker 1 (02:01):
That's very interesting.
Speaker 3 (02:02):
I'm looking forward to seeing yet another reinvention of the brand. Now,
speaking of reinventing oneself, plus size supermodel Ashley Graham has
a new job. She will make her Broadway debut in
Chicago as Roxy Heart, So from April fifteenth to May
(02:26):
twenty fifth, Graham will demonstrate to Broadway audiences that she
is so much more than just a pretty model. Her acting, singing,
and dancing skills will prove that she's a triple threat.
So I think a lot of people would be excited
to see her in this role. Following footsteps of some
(02:48):
great entertainers like Pamela Anderson, Erica, Jayne Brookshields, Lisa Rena,
Ashley Simpson, and many many others never leaving fashion far behind.
She also returned to the runway recently in Victoria's Secret Show,
and she's also the face of Michelle watches Legacy Redefined campaign,
(03:12):
so she's one busy girl.
Speaker 2 (03:15):
Speaking of people wearing changing hats, Gucci finally has a
new creative director and it did catch some people by surprise.
Demna Vessilia, the creative director of Balenciaga, will now be
the creative director at Gucci, so he'll be stepping away
from his role at Balenciaga, which they're both actually owned
by the same parent company, Caring. Now, some people weren't
(03:36):
too happy about this news, and upon the announcement of
Vasilia going over to Gucci, Hearing shares actually fell twelve percent.
Speaker 1 (03:44):
Oh wow, it's interesting.
Speaker 2 (03:47):
Because Balenciaga is one of the two most profitable brands
in Caring's portfolio. But I guess people are worried about
how it is Balenciaga's sthetic will translate to Gucci and
if that will still resonate with customers.
Speaker 3 (03:59):
Of course, totally two different styles, so we should we
shall see what happens. Well, that would be all for
our fashion news.
Speaker 1 (04:07):
Alerts, as we're fresh off of Fashion Month.
Speaker 2 (04:15):
We got to see a whole review of emerging designers
at Fashion Referee this season, and one of them was
Wanga Chen who showed at Noiri House back in February
and while is joining us here today.
Speaker 1 (04:27):
Thank you very much for joining us, Wanga. We're happy
to have you.
Speaker 4 (04:32):
Thank you for inviting me here.
Speaker 2 (04:34):
I just want to start off by first asking you
when did you start your fashion line.
Speaker 1 (04:37):
You're a fairly new designer.
Speaker 5 (04:40):
Yeah, we launched the brand label about a year ago.
Speaker 1 (04:46):
Oh wow, a year ago.
Speaker 4 (04:47):
Yeah.
Speaker 5 (04:48):
We spent not the year before that, you know, to
sort of set up the based the foundation, you know,
because it's uh, I wanted the customer to perceive the
brand as a high end or so it really takes
time for me to looking to the design esthetic language,
(05:16):
the fabric vendor and all that to have to make
sure which direction or we want to do taittering, we
want to do more sporty, look, we want to do
more contemporary. So it's about a year launched a year
and then we start like a year two.
Speaker 4 (05:32):
Years totally, but we just launched last year.
Speaker 2 (05:34):
Like you said, were refresh out of design school when
you started building the line.
Speaker 5 (05:40):
Well, no, I didn't win. I didn't go to any
design school. It's sort of my passion. Okay, yes, yes,
it's uh, it's inner in a fire. I would say,
everybody has a purpose. Come in this world. That's my purpose.
Speaker 1 (05:56):
So what was your inspiration behind the brand?
Speaker 4 (05:59):
Well, there's uh, you know.
Speaker 5 (06:03):
So, I think it's the balance or the fusion of
both Eastern and Western culture.
Speaker 4 (06:09):
Because my background.
Speaker 5 (06:12):
For the collection of garment that the an aesthetic is from,
I'm very very much affected by the ideas of reconstruction. H.
If you think about Tom Brown, you know people call
it a shrunk. I think it's phenomenal. It's it's a
(06:33):
new stand, you know, a new perception of Oh maybe
it would be very cool and interesting to wear a
tater suit like that. If you think about Rick Owens,
you want to be shaped the human silhouette? M so,
I think I'm really inspired by the idea of being innovate,
(06:54):
being bald about how you want to.
Speaker 4 (06:56):
Shape the human silhouette. I think inspired.
Speaker 5 (07:00):
But for the brand philosophy a message, it's I think
it's a love life mh. It's I think that we're
coming to this this life living itself.
Speaker 4 (07:14):
It's very beautiful it's enough.
Speaker 5 (07:16):
So I expressed that through the claim animalistic design of
my clothes because it's already enough.
Speaker 4 (07:23):
It's already beautiful clothes with just simple design. It's it's
good enough.
Speaker 5 (07:28):
So if that answers your question, it's from my personal
philosophy of how I think about this world and the
design aesthetics from more of.
Speaker 4 (07:39):
The from ricoins and.
Speaker 2 (07:42):
So you have mentioned that you do totally in towards
more of a minimalist aesthetic, and quiet luxury became a
much broader trend last year.
Speaker 1 (07:51):
How do you think that helped benefit your brand?
Speaker 2 (07:53):
It's people were looking for more quiet luxury and minimalist pieces.
Speaker 5 (07:59):
I'm not sure right, I mean it might be good
because I think it automatically attracts certain attentions that disguised
doing something that may be majority of the customers potential
customers would want.
Speaker 4 (08:19):
I think that.
Speaker 5 (08:22):
As for society as a whole, minimum design it might
equotes the meaning of.
Speaker 4 (08:32):
Less fabric, more sustainable.
Speaker 5 (08:35):
So I think it's more about the ideas that we
can bring the positive impact to the fashion issue.
Speaker 2 (08:45):
Yes, Like we also kind of had like just like
a perfect time going over there, which was really great.
Speaker 5 (08:51):
Well, I think so because I believe in you know,
clean design, ministic the philosophy.
Speaker 4 (08:58):
Like I said, so, how would you? But it's everybody's choice.
Speaker 5 (09:04):
I wouldn't go against if a wrong way with hand
sold silk, wool, leaves or flowers on the wall.
Speaker 4 (09:12):
Some people want to do the little extra something easy.
Speaker 5 (09:16):
Is people's choice. I think that's how it makes the
world just fantastic beautiful, if that makes sense.
Speaker 1 (09:23):
So, how would you describe the wrong the customer?
Speaker 5 (09:28):
I mean, whoa, they are very very intuitive, They're very
self awared. They know they care about the qualities of garments.
How instead of trend, trend is cool, train is cool.
(09:55):
But something really knows, somebody really knows what they want.
Somebody really cares about the idea of a fashion. Somebody
really cares about things that can make themselves just be
(10:15):
confident look good.
Speaker 4 (10:17):
If that makes sense. Sometimes that's allot into my head.
If I answer this question, just let me know, you know, yeah,
So it.
Speaker 2 (10:24):
Is a challenging market for younger designers and emerging brands
right now. But what's one piece of advice you'd give
to someone looking to start a brand right now?
Speaker 4 (10:37):
You choose to themselves.
Speaker 5 (10:40):
They consistent and be adaptable to the industry because you
want to sell. At the end, it's it's a business.
I think, but stay choose, stay consistent to yourself. Would
give you this, It might give you this The DNA
view brand give you this advantage that only blouns to yourself.
Speaker 4 (11:03):
And be patient because.
Speaker 5 (11:04):
You know with social media d case, oh, they would
think it's one. I think, boom, ten hundred million forwards
and then you think will be crazy. It might happen,
but I think, just take it slow and be faithful,
be consistent.
Speaker 1 (11:21):
Yeah, overnight success is never really overnight.
Speaker 4 (11:25):
Yes, right right, Thank you so.
Speaker 1 (11:28):
Much for joining us today. One. Then we really appreciate
your time.
Speaker 4 (11:31):
Thank you for having me again.
Speaker 1 (11:34):
Yeah, I hope you have a beautiful morning.
Speaker 4 (11:36):
Thank you, Thank you. I hope you guys enjoy a
weekend too.
Speaker 1 (11:39):
Thank you, talk to you soon.
Speaker 4 (11:41):
Thank you. Bye.
Speaker 1 (11:46):
Well.
Speaker 3 (11:46):
I would like to welcome Christopher Fraser. This time he
is getting interviewed about his latest article about the possibility
of new tariffs and you know, the latest commotion in
the political world. So Christopher, what do you think what
(12:06):
is President's motivation behind the trade tariffs and what does
he hope to accomplish.
Speaker 2 (12:14):
Well, first of all, there are no winners in a
trade war. But what the sitting presidents of the United
States is currently hoping to accomplish with these tariffsism that
more companies will start to move manufacturing domestically and this
will help the economy.
Speaker 1 (12:30):
Problem is, they.
Speaker 2 (12:31):
Are too many decades too late for this thought. And
the last time we tried to enter a tariff four
that was even remotely similar to this was a right
prior to the Great Depression in the nineteen twenties, and
that ended up triggering it further depression. And at this
point our economy is just far too globalized to expect
companies to just pack up and start moving production domestically.
Speaker 3 (12:57):
So there has been some pushback from Canada and China.
And how would these pushbacks affect the US consumers.
Speaker 2 (13:09):
Well, right now, what we're seeing is them retaliating by
putting tariffs on US goods, which, even though it's quite
early these what happens with tariffs like these is the
cost get passed on to the consumers, so then the
cost of things start going up. It's expected that if
these tariffs last for a longer amount of time that
(13:32):
the apert Us House School could end up spending upwards
or around one thousand dollars a month more on essentials,
and right now it's one thousand dollars a lot of
people do not have.
Speaker 3 (13:43):
Well, it's already incredibly expensive and it has been for
the last few years that everything has been going up.
So okay, So let's say the regular goods, the food,
the electricity, et cetera. But what about the fashion industry.
How would this affect fashion industry?
Speaker 2 (14:02):
Well, most of the teriffs right now are directly affecting
things like electronics and metals. What we could see happening
with a fashion industry is, first of all, because there's
gonna be less money for consumers to spend, that's going
to have an effect. And then because the price of
metals is going up, that will actually affect the cost
of sewing machines. If like the materials that are used
(14:26):
to make sewing machines, some of those could be going up,
and then fabric costs could also potentially be going up.
Speaker 1 (14:32):
And whereas.
Speaker 2 (14:34):
A lot of companies source fabrics from China, where they
could get certain materials like felt for like fifteen twenty
dollars for fifty yards, whereas they'd be paying eighty dollars
for that year if those costs from if the cost
of those fabrics and sourcing from China now goes up,
they're going to have to start passing those costs onto
(14:55):
the consumer, which means certain materials could cost more.
Speaker 1 (14:59):
It's even that fast.
Speaker 2 (15:01):
Fashion brands that do a lot of production over there
could have to pass on those costs to consumers if
these import export costs are going up.
Speaker 3 (15:12):
So now we know that the luxury goods are a
whole different game. However, would that still affect luxury goods
If so.
Speaker 2 (15:23):
How the concern the luxury goods market has right now
is if people have less discretionary spending for things on clothes,
this could actually be very beneficial to the counterfeit market
because now people are going to be more enticed to
buy counterfeit goods.
Speaker 1 (15:38):
And while as counterfeit goods.
Speaker 2 (15:41):
Are still weirdly affected by tariff costs because of they
still need materials to make their counterfeits because the pricing
they're setting is arbitrary and not like a set thing
where it's like you know, a buy or alid sheet
like billion profited production costs for certain like to hit
(16:02):
like X target goals, because the counterfeit market does not
have that.
Speaker 1 (16:07):
An increase of terraces could be very beneficial.
Speaker 2 (16:09):
To them, as more people who may want that designer sthetic,
but now or I don't know, out in extra thousand
bucks a month that they may have been saving towards
that designer bag, they don't have that anymore because now
they got to go spend it on.
Speaker 1 (16:22):
Food and other things. Subtly, buying counterfeit goods gets a
lot more enticing.
Speaker 3 (16:29):
Interesting, even though I would assume that those that have
always been buying luxury goods would not have a problem
with a little bit of a difference. So maybe the
market would go back to what it was maybe a
decade ago or so.
Speaker 1 (16:44):
But if clothing goes.
Speaker 3 (16:46):
Costs up, what are some viable options for consumers?
Speaker 2 (16:53):
Consumers now might start shifting more toward them things that
they know will last longer because they don't have the budget,
you know, buying clothes like every month or every.
Speaker 1 (17:03):
Other month, or however often they used to be buying clothes.
Speaker 2 (17:06):
So people might be seeking more like investment pieces and
more quality materials that they know they can get longer
wear out of, because they can't just be buying every
as frequently as they used to now that they have
to like budget an extra thousand dollars a month for
essentials now. So I'm sustainability advocates. Even though they're not
(17:28):
necessarily pro this whole trade war, they do see that
this could be one of the benefits in terms of
pushing fashion towards being more sustainable. If people are not
trending as much more toward buying so much fast fashion
and are now investing in more quality, longer lasting pieces
that you know, we'll have a longer shelf life and
(17:49):
will in some ways save people money in the long run,
even though it might initially be more expensive if it
has if it's something you can keep longer, that's more
beneficial to both the consumer trying to save money and
that wants something that's going to last a while longer
and having less fashion and circulation with people not buying
as much.
Speaker 1 (18:10):
Right quality, right.
Speaker 3 (18:15):
Pardon might improve quality of the goods.
Speaker 2 (18:19):
Oh yeah, because if brands are gonna have to start
thinking about, like you know, if they're sourcing consumers in
buying less, let's make.
Speaker 1 (18:25):
A product that will actually last longer.
Speaker 3 (18:29):
That would be good. Thank you for Christopher for such
a great insight. It was great talking to you.
Speaker 1 (18:37):
Thank you, Tiana.
Speaker 2 (18:38):
We would also like to thank Wanga for appearing on
this episode of Fashion.
Speaker 1 (18:42):
Referee talks Spell. It tens medium of Spello si spell.
Speaker 4 (19:04):
It turns to medalium and.
Speaker 1 (19:06):
Spellu versperium spell. It turns to medium of SpeI verse
Welcome to Fashion Reveree Talks.
Speaker 2 (00:22):
I'm Christopher Frasers filling in for the beautiful Miss Sissily Daniels.
Speaker 3 (00:27):
And i am Tiana Ibrahimovic.
Speaker 2 (00:29):
Fashion Reverie takes you from the front lines of fashion
to the front rows.
Speaker 3 (00:33):
All of Fashion Reverie Talk segments are based on published
content found on Fashion reverie dot com.
Speaker 2 (00:40):
So remember, if you want more information on the segments,
go to Fashion referee dot com. And if you like
this episode, don't forget to subscribe and hit the like
button on this episode of YouTube.
Speaker 3 (00:51):
In this episode, we are happy to have fashion designer
Wangda and we chat with Fashion Reverie Associate editor Christopher
Fraser about his timely artile how Trump's tariffs could affect fashion.
But let's start with fashion news. All of our news
segments are based on the fashion news alerts found on
(01:11):
Fashion reverie dot com.
Speaker 1 (01:14):
All right, I'm going to kick off our fashion news.
Speaker 2 (01:17):
So first off, in a move that said the whole
fashion world spinning, Donna Tella Versace is stepping away from
the creative director roled at the namesake Versace brand, which
her brother founded, and she's held that role of creative
director since about nineteen ninety seven or maybe ninety eight
the late nineties. I believe after his very unfortunate passing,
(01:41):
Dario Vitale, who was the former senior designer at Meu Meu,
will now be at the new Versace creative director, while
Donna Tella will be stepping into the role of Chief
Brand Officer, So she will still be at Versace in
a C suite position, but she will no longer be
the chief designer.
Speaker 1 (02:01):
That's very interesting.
Speaker 3 (02:02):
I'm looking forward to seeing yet another reinvention of the brand. Now,
speaking of reinventing oneself, plus size supermodel Ashley Graham has
a new job. She will make her Broadway debut in
Chicago as Roxy Heart, So from April fifteenth to May
(02:26):
twenty fifth, Graham will demonstrate to Broadway audiences that she
is so much more than just a pretty model. Her acting, singing,
and dancing skills will prove that she's a triple threat.
So I think a lot of people would be excited
to see her in this role. Following footsteps of some
(02:48):
great entertainers like Pamela Anderson, Erica, Jayne Brookshields, Lisa Rena,
Ashley Simpson, and many many others never leaving fashion far behind.
She also returned to the runway recently in Victoria's Secret Show,
and she's also the face of Michelle watches Legacy Redefined campaign,
(03:12):
so she's one busy girl.
Speaker 2 (03:15):
Speaking of people wearing changing hats, Gucci finally has a
new creative director and it did catch some people by surprise.
Demna Vessilia, the creative director of Balenciaga, will now be
the creative director at Gucci, so he'll be stepping away
from his role at Balenciaga, which they're both actually owned
by the same parent company, Caring. Now, some people weren't
(03:36):
too happy about this news, and upon the announcement of
Vasilia going over to Gucci, Hearing shares actually fell twelve percent.
Speaker 1 (03:44):
Oh wow, it's interesting.
Speaker 2 (03:47):
Because Balenciaga is one of the two most profitable brands
in Caring's portfolio. But I guess people are worried about
how it is Balenciaga's sthetic will translate to Gucci and
if that will still resonate with customers.
Speaker 3 (03:59):
Of course, totally two different styles, so we should we
shall see what happens. Well, that would be all for
our fashion news.
Speaker 1 (04:07):
Alerts, as we're fresh off of Fashion Month.
Speaker 2 (04:15):
We got to see a whole review of emerging designers
at Fashion Referee this season, and one of them was
Wanga Chen who showed at Noiri House back in February
and while is joining us here today.
Speaker 1 (04:27):
Thank you very much for joining us, Wanga. We're happy
to have you.
Speaker 4 (04:32):
Thank you for inviting me here.
Speaker 2 (04:34):
I just want to start off by first asking you
when did you start your fashion line.
Speaker 1 (04:37):
You're a fairly new designer.
Speaker 5 (04:40):
Yeah, we launched the brand label about a year ago.
Speaker 1 (04:46):
Oh wow, a year ago.
Speaker 4 (04:47):
Yeah.
Speaker 5 (04:48):
We spent not the year before that, you know, to
sort of set up the based the foundation, you know,
because it's uh, I wanted the customer to perceive the
brand as a high end or so it really takes
time for me to looking to the design esthetic language,
(05:16):
the fabric vendor and all that to have to make
sure which direction or we want to do taittering, we
want to do more sporty, look, we want to do
more contemporary. So it's about a year launched a year
and then we start like a year two.
Speaker 4 (05:32):
Years totally, but we just launched last year.
Speaker 2 (05:34):
Like you said, were refresh out of design school when
you started building the line.
Speaker 5 (05:40):
Well, no, I didn't win. I didn't go to any
design school. It's sort of my passion. Okay, yes, yes,
it's uh, it's inner in a fire. I would say,
everybody has a purpose. Come in this world. That's my purpose.
Speaker 1 (05:56):
So what was your inspiration behind the brand?
Speaker 4 (05:59):
Well, there's uh, you know.
Speaker 5 (06:03):
So, I think it's the balance or the fusion of
both Eastern and Western culture.
Speaker 4 (06:09):
Because my background.
Speaker 5 (06:12):
For the collection of garment that the an aesthetic is from,
I'm very very much affected by the ideas of reconstruction. H.
If you think about Tom Brown, you know people call
it a shrunk. I think it's phenomenal. It's it's a
(06:33):
new stand, you know, a new perception of Oh maybe
it would be very cool and interesting to wear a
tater suit like that. If you think about Rick Owens,
you want to be shaped the human silhouette? M so,
I think I'm really inspired by the idea of being innovate,
(06:54):
being bald about how you want to.
Speaker 4 (06:56):
Shape the human silhouette. I think inspired.
Speaker 5 (07:00):
But for the brand philosophy a message, it's I think
it's a love life mh. It's I think that we're
coming to this this life living itself.
Speaker 4 (07:14):
It's very beautiful it's enough.
Speaker 5 (07:16):
So I expressed that through the claim animalistic design of
my clothes because it's already enough.
Speaker 4 (07:23):
It's already beautiful clothes with just simple design. It's it's
good enough.
Speaker 5 (07:28):
So if that answers your question, it's from my personal
philosophy of how I think about this world and the
design aesthetics from more of.
Speaker 4 (07:39):
The from ricoins and.
Speaker 2 (07:42):
So you have mentioned that you do totally in towards
more of a minimalist aesthetic, and quiet luxury became a
much broader trend last year.
Speaker 1 (07:51):
How do you think that helped benefit your brand?
Speaker 2 (07:53):
It's people were looking for more quiet luxury and minimalist pieces.
Speaker 5 (07:59):
I'm not sure right, I mean it might be good
because I think it automatically attracts certain attentions that disguised
doing something that may be majority of the customers potential
customers would want.
Speaker 4 (08:19):
I think that.
Speaker 5 (08:22):
As for society as a whole, minimum design it might
equotes the meaning of.
Speaker 4 (08:32):
Less fabric, more sustainable.
Speaker 5 (08:35):
So I think it's more about the ideas that we
can bring the positive impact to the fashion issue.
Speaker 2 (08:45):
Yes, Like we also kind of had like just like
a perfect time going over there, which was really great.
Speaker 5 (08:51):
Well, I think so because I believe in you know,
clean design, ministic the philosophy.
Speaker 4 (08:58):
Like I said, so, how would you? But it's everybody's choice.
Speaker 5 (09:04):
I wouldn't go against if a wrong way with hand
sold silk, wool, leaves or flowers on the wall.
Speaker 4 (09:12):
Some people want to do the little extra something easy.
Speaker 5 (09:16):
Is people's choice. I think that's how it makes the
world just fantastic beautiful, if that makes sense.
Speaker 1 (09:23):
So, how would you describe the wrong the customer?
Speaker 5 (09:28):
I mean, whoa, they are very very intuitive, They're very
self awared. They know they care about the qualities of garments.
How instead of trend, trend is cool, train is cool.
(09:55):
But something really knows, somebody really knows what they want.
Somebody really cares about the idea of a fashion. Somebody
really cares about things that can make themselves just be
(10:15):
confident look good.
Speaker 4 (10:17):
If that makes sense. Sometimes that's allot into my head.
If I answer this question, just let me know, you know, yeah,
So it.
Speaker 2 (10:24):
Is a challenging market for younger designers and emerging brands
right now. But what's one piece of advice you'd give
to someone looking to start a brand right now?
Speaker 4 (10:37):
You choose to themselves.
Speaker 5 (10:40):
They consistent and be adaptable to the industry because you
want to sell. At the end, it's it's a business.
I think, but stay choose, stay consistent to yourself. Would
give you this, It might give you this The DNA
view brand give you this advantage that only blouns to yourself.
Speaker 4 (11:03):
And be patient because.
Speaker 5 (11:04):
You know with social media d case, oh, they would
think it's one. I think, boom, ten hundred million forwards
and then you think will be crazy. It might happen,
but I think, just take it slow and be faithful,
be consistent.
Speaker 1 (11:21):
Yeah, overnight success is never really overnight.
Speaker 4 (11:25):
Yes, right right, Thank you so.
Speaker 1 (11:28):
Much for joining us today. One. Then we really appreciate
your time.
Speaker 4 (11:31):
Thank you for having me again.
Speaker 1 (11:34):
Yeah, I hope you have a beautiful morning.
Speaker 4 (11:36):
Thank you, Thank you. I hope you guys enjoy a
weekend too.
Speaker 1 (11:39):
Thank you, talk to you soon.
Speaker 4 (11:41):
Thank you. Bye.
Speaker 1 (11:46):
Well.
Speaker 3 (11:46):
I would like to welcome Christopher Fraser. This time he
is getting interviewed about his latest article about the possibility
of new tariffs and you know, the latest commotion in
the political world. So Christopher, what do you think what
(12:06):
is President's motivation behind the trade tariffs and what does
he hope to accomplish.
Speaker 2 (12:14):
Well, first of all, there are no winners in a
trade war. But what the sitting presidents of the United
States is currently hoping to accomplish with these tariffsism that
more companies will start to move manufacturing domestically and this
will help the economy.
Speaker 1 (12:30):
Problem is, they.
Speaker 2 (12:31):
Are too many decades too late for this thought. And
the last time we tried to enter a tariff four
that was even remotely similar to this was a right
prior to the Great Depression in the nineteen twenties, and
that ended up triggering it further depression. And at this
point our economy is just far too globalized to expect
companies to just pack up and start moving production domestically.
Speaker 3 (12:57):
So there has been some pushback from Canada and China.
And how would these pushbacks affect the US consumers.
Speaker 2 (13:09):
Well, right now, what we're seeing is them retaliating by
putting tariffs on US goods, which, even though it's quite
early these what happens with tariffs like these is the
cost get passed on to the consumers, so then the
cost of things start going up. It's expected that if
these tariffs last for a longer amount of time that
(13:32):
the apert Us House School could end up spending upwards
or around one thousand dollars a month more on essentials,
and right now it's one thousand dollars a lot of
people do not have.
Speaker 3 (13:43):
Well, it's already incredibly expensive and it has been for
the last few years that everything has been going up.
So okay, So let's say the regular goods, the food,
the electricity, et cetera. But what about the fashion industry.
How would this affect fashion industry?
Speaker 2 (14:02):
Well, most of the teriffs right now are directly affecting
things like electronics and metals. What we could see happening
with a fashion industry is, first of all, because there's
gonna be less money for consumers to spend, that's going
to have an effect. And then because the price of
metals is going up, that will actually affect the cost
of sewing machines. If like the materials that are used
(14:26):
to make sewing machines, some of those could be going up,
and then fabric costs could also potentially be going up.
Speaker 1 (14:32):
And whereas.
Speaker 2 (14:34):
A lot of companies source fabrics from China, where they
could get certain materials like felt for like fifteen twenty
dollars for fifty yards, whereas they'd be paying eighty dollars
for that year if those costs from if the cost
of those fabrics and sourcing from China now goes up,
they're going to have to start passing those costs onto
(14:55):
the consumer, which means certain materials could cost more.
Speaker 1 (14:59):
It's even that fast.
Speaker 2 (15:01):
Fashion brands that do a lot of production over there
could have to pass on those costs to consumers if
these import export costs are going up.
Speaker 3 (15:12):
So now we know that the luxury goods are a
whole different game. However, would that still affect luxury goods
If so.
Speaker 2 (15:23):
How the concern the luxury goods market has right now
is if people have less discretionary spending for things on clothes,
this could actually be very beneficial to the counterfeit market
because now people are going to be more enticed to
buy counterfeit goods.
Speaker 1 (15:38):
And while as counterfeit goods.
Speaker 2 (15:41):
Are still weirdly affected by tariff costs because of they
still need materials to make their counterfeits because the pricing
they're setting is arbitrary and not like a set thing
where it's like you know, a buy or alid sheet
like billion profited production costs for certain like to hit
(16:02):
like X target goals, because the counterfeit market does not
have that.
Speaker 1 (16:07):
An increase of terraces could be very beneficial.
Speaker 2 (16:09):
To them, as more people who may want that designer sthetic,
but now or I don't know, out in extra thousand
bucks a month that they may have been saving towards
that designer bag, they don't have that anymore because now
they got to go spend it on.
Speaker 1 (16:22):
Food and other things. Subtly, buying counterfeit goods gets a
lot more enticing.
Speaker 3 (16:29):
Interesting, even though I would assume that those that have
always been buying luxury goods would not have a problem
with a little bit of a difference. So maybe the
market would go back to what it was maybe a
decade ago or so.
Speaker 1 (16:44):
But if clothing goes.
Speaker 3 (16:46):
Costs up, what are some viable options for consumers?
Speaker 2 (16:53):
Consumers now might start shifting more toward them things that
they know will last longer because they don't have the budget,
you know, buying clothes like every month or every.
Speaker 1 (17:03):
Other month, or however often they used to be buying clothes.
Speaker 2 (17:06):
So people might be seeking more like investment pieces and
more quality materials that they know they can get longer
wear out of, because they can't just be buying every
as frequently as they used to now that they have
to like budget an extra thousand dollars a month for
essentials now. So I'm sustainability advocates. Even though they're not
(17:28):
necessarily pro this whole trade war, they do see that
this could be one of the benefits in terms of
pushing fashion towards being more sustainable. If people are not
trending as much more toward buying so much fast fashion
and are now investing in more quality, longer lasting pieces
that you know, we'll have a longer shelf life and
(17:49):
will in some ways save people money in the long run,
even though it might initially be more expensive if it
has if it's something you can keep longer, that's more
beneficial to both the consumer trying to save money and
that wants something that's going to last a while longer
and having less fashion and circulation with people not buying
as much.
Speaker 1 (18:10):
Right quality, right.
Speaker 3 (18:15):
Pardon might improve quality of the goods.
Speaker 2 (18:19):
Oh yeah, because if brands are gonna have to start
thinking about, like you know, if they're sourcing consumers in
buying less, let's make.
Speaker 1 (18:25):
A product that will actually last longer.
Speaker 3 (18:29):
That would be good. Thank you for Christopher for such
a great insight. It was great talking to you.
Speaker 1 (18:37):
Thank you, Tiana.
Speaker 2 (18:38):
We would also like to thank Wanga for appearing on
this episode of Fashion.
Speaker 1 (18:42):
Referee talks Spell. It tens medium of Spello si spell.
Speaker 4 (19:04):
It turns to medalium and.
Speaker 1 (19:06):
Spellu versperium spell. It turns to medium of SpeI verse
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