Rodd & Gunn pauses US expansion amid 46% tariff, expects significant sales decline

Rodd & Gunn pauses US expansion amid 46% tariff, expects significant sales decline
The US accounts for a third of Rodd & Gunn’s sales. (Image: Supplied/Facebook)
John Anthony
Clothing brand Rodd & Gunn is pushing pause on its US expansion and expects “a significant decline in sales” as it faces a 46% tariff on many goods shipped there, its chief executive says.Rodd & Gunn chief executive Michael Beagley said the scale of price rises in the US, as a result of President Donald Trump’s sweeping tariffs, were going to be far greater than any other time in modern history, if there was no change to the current tariff strategy.“Initially, there will be a sales surge as consumers understand p...

More Trump Tariffs

Will policy chaos trigger a flight from the US dollar?
World Opinion

Will policy chaos trigger a flight from the US dollar?

A full-scale flight from USD assets could force the government to default on its debts.

Asian markets lift on US/Japan trade talks
Markets

Asian markets lift on US/Japan trade talks

Shares in Tokyo rose along with Hong Kong and others.

AFP 17 Apr 2025
'Take some tariffs on the chin': the M&A outlook under Trump
Markets

'Take some tariffs on the chin': the M&A outlook under Trump

How private equity firms and M&A experts are navigating through the market noise.

US trade war raises cyber stakes with China
World

US trade war raises cyber stakes with China

Security chiefs worry that rising economic pressure could result in further hacks.