Secondhand clothing is in fashion — and Trump's tariffs are helping
Fast-fashion giants like Shein and Temu have raised prices in response to tariffs on China.
Levine-Roberts/Sipa USA via Reuters Connect
- Tariffs on Chinese goods may boost the secondhand clothing industry in the US.
- A senior leader at Goodwill told BI that thrifting often increases in times of economic uncertainty.
- ThredUp predicts the secondhand market to reach $350 billion by 2028, up from $197 billion in 2023.
As tariffs push the price of goods in the US higher...