Tefaf New York returns to the Park Avenue Armory with 91 exhibitors, marking a critical moment for the US art market under President Trump’s new tariff regime. The fair, which spans 7,000 years of art, faces significant challenges from recent aggressive tariffs, particularly affecting international trade. Fair director Leanne Jagtiani highlighted the importance of collaboration with shippers and advisers to better navigate these changes. Despite a brief reprieve from retaliatory tariffs from the EU, concerns remain about how various artworks and antiques will be classified under the new rules.
Tefaf New York showcases 91 exhibitors amidst uncertainties, grappling with President Trump's recent tariff regime, impacting the art and antiques market on multiple levels.
Leanne Jagtiani reassured dealers about the fair's efforts to work closely with shippers and legal advisers, emphasizing the need for advocating against potential EU tariffs.
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