President Donald Trump revealed his most sweeping economic measure yet Thursday, announcing reciprocal tariffs that could come as soon as this spring, which Trump argues would level the playing field in global trade—though economists project they would increase inflation this year.

There are already winners and losers from Trump's tariff announcements, from investors betting on gold to fashion brands pausing marketing campaigns.

It’s true that brands like Aritzia, Lululemon, Shein, and SSSense hail from countries that are being targeted by the Trump tariffs that he announced earlier this month. But does that mean we’ll be paying 25% more for leggings? Do we need to panic-buy Aligns and Super Puffs? Is this the end of the shopping haul as we know it?