Tariffs and Luxury Handbags: Will Manufacturing Return?
Update: 2025-10-20
Description
Can tariffs bring luxury handbag manufacturing back to the US? Former Coach CEO Lew Frankfort says probably not. On the Opening Bid Unfiltered podcast, Frankfort argued that the skilled labor needed for high-end craftsmanship is scarce in the US, and tariffs will likely just raise prices for consumers. He suggests focusing on rebuilding American craftsmanship instead, but for now, expect those luxury bags to remain imported.
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