Even if they’re right, the new trade order isn’t exactly stable; as Canada recently learned, a trade agreement with Trump is only good until it isn’t. If anything, reports of diminished quality have furthered the feeling that luxury brands just aren’t worth it anymore. Dopamine Culture and the SimulacrumThe fashion system has been reshaped by the rise of social media algorithms. Real luxury isn’t cheap, of course. Meanwhile, beauty conglomerate Coty may be looking to offload its luxury fragrance licenses.