Tariffs news and archive

US makes new offer to EU in tariff dispute

In the trade dispute with the EU, the US submitted a new offer. The European Commission confirmed on Thursday that it had received a relevant US document. It was being reviewed, Commission President Ursula von der Leyen said on Thursday night after an EU summit. "We are ready for an agreement. At the same time, we are preparing for the...

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Fashion brands brace for China’s export shift

Facing escalating tariffs from the U.S. and political uncertainty, Chinese manufacturers are rapidly refocusing their export strategies, shifting their gaze to Europe, Southeast Asia, and domestic e-commerce in a bid to weather the latest rupture in global trade. According to the Financial Times, exports to Europe surged 12 percent in May, with...

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Retail|Report

1/3 of Retail executives to adjust pricing over tariffs concerns

Concerns over tariffs have yet to be calmed, as US consumers and retailers alike remain pessimistic in regard to the impact of rising prices. 27 percent of US consumers polled by TransUnion, a credit reporting agency, expressed worry about their household finances for the next 12 months - but they are not alone. Retail executives across the...

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Strong growth in Chinese retail despite US trade dispute

Chinese retail sales increased by 6.4 percent year-on-year in May, despite the ongoing trade dispute with the US. This marked the strongest growth since late 2023, following a 5.1 percent rise in April. Analysts were surprised by this positive development, having forecasted a decline in growth to 4.9 percent. French bank Société Générale...

Podcast

Podcast: Steve Madden speaks candidly about career highs and lows

In ‘The Cutting Room Floor’ podcast, American entrepreneur Steve Madden spoke openly about his career, including the highs and lows. He also shared his views on trade tariffs and the current state of fashion retail. Madden began his career in the fashion world as a footwear designer and quickly made a name for himself in the industry. In 1990,...

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China gives no details on tariff agreement with US

China is keeping a low profile following the agreement announced by US President Donald Trump on easing export restrictions in the ongoing trade dispute. Both sides have made new progress in resolving the other side's economic and trade concerns, said Foreign Ministry spokesperson Lin Jian in Beijing. The People's Republic hopes that both sides...

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Facing tariffs, Vietnam requests support from American clothing brands

Hanoi - Hanoi invited American textile companies to support Vietnam with the Trump administration in its efforts to avoid a 46 percent tariff that would damage trade between the two countries. Vietnam, which mass-produces clothing and footwear for international brands, worked tirelessly to meet the demands of its main client, the US. Industry...

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Obermeyer names new CEO to drive brand evolution

American ski and outdoorwear brand Sport Obermeyer, founded in Aspen in 1947, has named Kris Kuster as its new chief executive officer as the brand targets a new vision for women and year-round expansion. Kuster, formerly chief executive officer of Mammut Sports Group AG and X-Bionic, succeeds Obermeyer’s founder, Klaus Obermeyer, who is the...

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US trade organisations commend Trump’s comments on sneaker and T-shirt production

Leading US fashion and textile organisations have backed recent comments by president Donald Trump in which he suggested that his stringent tariff policies were “not focused on driving sneaker and T-shirt production to the US”. A joint letter – signed by the American Apparel & Footwear Association (AAFA), Council of Fashion Designers of America...

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Appeals court reinstates Trump's tariffs after trade court moves to block

A federal appeals court has temporarily reinstated President Donald Trump's tariffs, just a day after a trade court ruling found the majority of the global tariffs to exceed presidential authority. The ruling from the United States Court of Appeals for the Federal Circuit in Washington gave no further reasoning or clarification but granted the...

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Trump doesn't see a need to bring back textile manufacturing to the US

President Donald Trump has stressed that his US tariff policies, impacting global trade and supply chains across several industries and financial markets, are intended to encourage and support domestic manufacturing of advanced technology and defense equipment, not consumer goods like t-shirts or sneakers. Talking with reporters prior to...

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US tariffs drive deceptive spike in Swiss watch exports

Boosted by a surge in US demand, Swiss watch exports jumped by 18.2 percent in April 2025. However, this increase mainly masked the sector's deep concern about the new tariffs imposed by Washington. A cyclical surge linked to US trade policy The Swiss watch industry experienced a spectacular upturn in April 2025. According to data from the...