For this industry, Trump's duties were a liver in gold. It's about applications and IT sector
The duties announced by Donald Trump on Chinese goods threaten to increase the prices of clothing, shoes and furniture. For this reason, Americans are looking for various ways to find opportunities. They not only visit stationary Second Hand stores – such as Goodwill – but above all In a record number, they download applications that allow you to replace or sell used items.
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According to Washington Post, SENSOR TOWER data shows that in the first quarter Downloading intermediaries in sales and resale in the United States increased by an average of 18 percent. compared to the previous quarterwhich ended on December 31. Some applications have recorded significant increases: the number of Depop application downloads increased by 68 percent, while the number of Downloads of the POSHMARK application increased by 28 percent, and eBay by 15 percent.
Applications such as Thredup, Depop and Poshmark allow Americans to buy used clothes, shoes and accessories directly from small Vintage companies, professional “Upcycler” and amateur sellers with filled wardrobes. In many cases, the buyers bid on items whose condition can hesitate from heavily used to the tags.
Trump's duties are shooting this industry
Alon Rotem, director of the strategy at Thredup, said “The Washington Post” that Customs can change the bill for American buyers deciding to buy new and used items.
The founder and general director of Poshmark, Manish Chandra, said that duties will make secondary markets “an increasingly valuable and profitable resource” for buyers in the USA.
The Business Director of OFFERUP, Nathan Garnett, said that Buying used items from people nearby is more practical than traditional retail trade in times of financial uncertainty.
See also: Donald Trump withdraws in trade war? Announces a reduction in customs duties for China
As the experts note, on which “The Washington Post”, In recent years, the used goods market has developed at a fast pacebut shopping habits are hard on the ground. Many consumers like the idea of buying used goods and helping the environment, but they tend to forget about their ideals in the face of cheap new goods and a continuous cycle of internet microtrents.
Rachel Kitchin, a senior activist in the Stand.earth organization dealing with climate activism, however, expects higher prices to make some buyers to think about clicking “Buy”.
