Shanghai — If you’re an American who likes wearing Victoria’s Secret bras, Guess jeans or Nike shoes, chances are you’ll feel the impact of the $50bn in tariffs US President Donald Trump is expected to unleash on Chinese imports. A vast amount of items used by American consumers — from Under Armour leggings to Bath & Body Works shower gel and Samsonite luggage — are sourced from Chinese- or Hong Kong-based companies and factories, fuelling the $450bn in Chinese goods imported to the US annually. Broad-based tariffs would likely translate into higher sticker prices in stores across the US. Companies are already planning for it. If tariffs are raised on its products, Samsonite International CEO Ramesh Tainwala sees one logical recourse. "We pass it on to the consumer," said Tainwala, who spoke to reporters in Hong Kong last week. "We have the pricing power. We are the ones who will move first and the industry will follow." Samsonite is in an unusual global position. While the world’s ...
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