Aussie billionaire Solomon Lew sees potential in Trump's China tariff plans for Myer merger

Australian billionaire Solomon Lew has become the largest shareholder of Myer after shareholders approved a merger with his apparel brands. This marks a significant shift in his influence over the department store, which aims to focus on exclusive in-house brands. Lew is optimistic about potential benefits from Donald Trump's proposed tariffs on China. He believes these tariffs could lead to lower manufacturing costs in China, allowing his companies to secure better deals for their apparel. As Myer restructures under new leadership, Lew plans to actively pursue revenue targets. He aims to enhance Myer's performance by integrating his brands and improving customer engagement within the store.