By  on July 12, 2018

The weakening Chinese yuan could help fashion retailers offset the latest round of Trump administration tariffs, but it might not be enough to stop the predicted decline in American consumers’ purchasing power if the trade war continues, economists warned Wednesday.

After successfully escaping the first round of tariffs on Chinese imports, the U.S. fashion industry wasn’t so lucky the second time, with multiple items — from textiles to handbags to footwear and suitcases — on a list of $200 billion worth of items that are next in the firing line for 10 percent levies.

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