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Luxury shoppers are in for a rude awakening as mink coats, crocodile handbags are caught in tariff war

The finer things in life are the latest victims of escalating trade tensions between the U.S. and China.

The latest round of tariffs on $200 billion worth of Chinese-made goods affects mink furs, reptile skin handbags, leather accessories, silk, handmade lace, gold leaf, and fabrics used specifically for ballet, opera and theater sets. They’re among the roughly 5,000 products subject to a 10% tariff that went into effect in late September; it will increase to 25% in January.

President Donald Trump says the tariffs — which make it more expensive for Chinese-made goods to enter the U.S. — are necessary to protect American manufacturing and jobs.

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