EconomyChina’s tax crackdown adds pressure on luxury brands as US spending falters
China’s tax crackdown on wealthy individuals is creating a fresh challenge for luxury brands, which are also dealing with the Iran war’s fallout and signs that US consumer spending is slowing.
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Reuters★★☆☆☆2026-10-09 05:25Original
China’s tax crackdown adds pressure on luxury brands as US spending falters
Economy