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If you’ve been following along, Noah has been using its blog and Instagram stories to give detailed information about how it prices its clothing. Last week, the brand focused on tariffs, which are especially timely given Donald Trump’s ongoing trade wars.
Tariff codes are incredibly complex, with 13,200 different categories that cover a wide range of products. For Noah, that means different materials are subject to different import duties. The nylon it sources from Italy for its swimming shorts, for example, is subject to a whopping 27.9 percent tariff, translating to an extra $15 of its $188 retail price. Meanwhile, the sweatshirts, rugbys, and knit tops that are manufactured in Canada aren’t subject to any import taxes under NAFTA… for now. That could change if Trump decides to engage in a trade war with his neighbors to the north.
Of course, imports go the other way, too. Trump’s strife with Europe last year led to a temporary 25 percent tariff on American blue jeans. If it would have lasted longer it would’ve increased the price of Noah’s jeans for sale at Dover Street Market London.
All this serves as a reminder of the very real affects of Trump’s policies, and politics at large. Of course, there are more important issues to consider—e.g. children in literal cages—but even your precious jawnz are subject to risk.
On this episode of The Dropcast, we are joined by by Jabari “Jacuzzi” Khaled, founder of Basketball Skateboards and under-the-radar creative who’s worked with your favorite designer’s favorite designers.