Trump's potential tariffs could be a further negative for the Chinese economy, which is grappling with a real estate crisis and is one of the weak spots in luxury.
Experts suggest that if Trump proceeds with his trade-policy upheaval, it poses a double-edged sword for luxury players operating in both the US and China.
Though Trump is perceived as pro-business, tariffs could negatively impact consumer spending in China, risking the luxury sector's future there.
Despite some optimism in the US thanks to Trump’s election, macroeconomic issues in China, including high unemployment and deflation, weigh heavily on luxury brands.
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