scorecardVictoria's Secret got whacked by Trump's tariffs. Here's why fashion stocks are suffering.
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Victoria's Secret got whacked by Trump's tariffs. Here's why fashion stocks are suffering.

Victoria's Secret got whacked by Trump's tariffs. Here's why fashion stocks are suffering.
Stock Market1 min read

Candice swanepoel

Getty/Theo Wargo

  • Stocks plunged on Monday after China announced it would slap tariffs on US goods in response to higher US duties on Chinese goods.
  • Fashion stocks including Victoria's Secret-owner L Brands, Gap, and Abercrombie & Fitch were among the biggest decliners due to their dependence on Chinese suppliers and consumers.
  • Markets Insider looked at the exposure of seven fashion stocks to the US-China trade war.
  • Watch L Brands, Tapestry, Abercrombie & Fitch, Guess?, Ralph Lauren, Tiffany's, and Gap trade live.

US stocks plunged on Monday after China announced it would slap tariffs on $60 billion of US goods starting in June. The move was in retaliation to the Trump administration raising duties to 25% on $200 billion worth of Chinese products last Friday, and threatening to expand tariffs to a further $300 billion of goods within the next month.

Fashion companies including Victoria's Secret-owner L Brands, Tiffany & Co., Abercrombie & Fitch, Guess, Ralph Lauren, Gap, and Tapestry - which owns Kate Spade and Coach - saw their shares plummet more than 5%.

Here's why investors are worried about those companies:

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