Analyse how Factors such as Craftsmanship and Brand Heritage Affect Consumer Spending of Luxury Brands. Evaluate how Tariffs and Global Monetary Policies Impact Consumer Spending, and how does that in Turn Impact National Economies

Author(s)	Ms. Prisha J Chauhan
Country	India
Abstract	The research paper has evaluated how various factors, such as craftsmanship and brand heritage, can affect consumer spending on luxury brands. It has analysed the impact of increased tariffs and global monetary policies on consumers who purchase luxury brands, and how national economies are affected by local and global economic activities. The study has delved into understanding all these concepts and has supported the findings with real life examples and analysis of luxury brands.
Keywords	Customs Duties, Increased Tariffs, Foreign Imports, Luxury Brands, Global Monetary Policy, Foreign Goods, International Goods And Companies, Impact Of Global Monetary Policy, Reciprocal Tariff Rate, Price Sensitivity, Consumer Demand, US - China Tariff War, US Recession, High Economies, Developing Countries, Inflation Target, Patek Phillipe, Christian Dior, Hermès, Craftsmanship, Brand Heritage, Insolvency, Inflation Target, Mixed Economy, Market Economy, Command Economy, Haute Couture; The Fashion Pact, Brand Recognition, Market Dynamics, Manufacturers, National Income, GDP, Domestic Sales, Overseas Trade, Geopolitical Uncertainties
Field	Business Administration
Published In	Volume 8, Issue 5, September-October 2026
Published On	2026-10-17

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