New tariffs are on the horizon, and they’re primed to hit your wallet hard. Trade groups are raising alarms that prices for sneakers, jeans, and almost everything in your closet are about to skyrocket. Here’s what you need to know:

• Tariff Impact: Expect a noticeable bump in prices for everyday clothing.
• Brand Struggles: Major brands like Gap and Nike are feeling the heat as their diversification efforts from China face new obstacles.
• Stock Market Reaction: Companies are already seeing their stocks tank as uncertainty looms.
• Future Discussions: Key players, including Trump and Vietnam’s Prime Minister, are set to discuss tariffs that could shape the clothing market.

Get ready to dig deeper into your pockets. Here’s the full scoop.