US tariffs have been just about the biggest story dominating business headlines this year but a new report suggests that the world outside the US is becoming used to them.
Online wholesale specialist JOOR said its data shows a Q3 bounce-back in fashion buying — the US excluded — following price hikes caused by the new tariffs.
Its transaction data from like-for-like retailers year on year had shown a global decline in Q2 purchases of 5%. But non-US retailers rebounded in Q3 with an 18% uplift in purchases year on year.
International markets seeing significant growth in Q3 orders included Italy (+40%), Germany (+29%), South Korea (+29%), and the UK (+22%).
But JOOR said the same buyer confidence wasn’t seen in the US where Q3 retailer purchases continued to decline by as much as 10%.
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