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Trump: new tariff on Chinese imports is economically untenable

According to US President Donald Trump, the new tariffs he has threatened against China are economically unsustainable. When asked if the cumulative total tariff rate of 157 percent is sustainable for the economy and what it would mean, he said: “That is not sustainable, but that is the figure.” Trump continued in an interview with US television...

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Shein’s US Momentum stalls as De Minimis tariff exemption ends

Ultra fast fashion retailer Shein’s meteoric growth in the US has suffered a sharp deceleration following the Trump administration’s decision to rescind the so-called de minimis tariff exemption on August 29. According to Bloomberg’s Second Measure transactional data, observed US sales for Shein fell by about 8 per cent year-on-year in...

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US tariffs spark concern in India's textile capital

Tiruppur, India - The roar of sewing machines has given way to an unusual quiet in the textile factories of Tiruppur, in southeastern India. Since the tariffs on Indian exports was imposed by Donald Trump at the end of August, most have been operating at a reduced capacity. “US orders are almost at a standstill,” notes a disappointed Ramesh...

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EU-US agreement: a deal stabilising transatlantic trade despite differences

Despite persistent tensions, the framework agreement signed in July 2025 between the European Union and the United States marks a turning point in the perception of American companies based in Europe. According to the latest survey by the American Chamber of Commerce to the European Union (AmCham EU), published at the end of September, the sense...

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Nextil benefits from Trump's tariffs: 175 million dollar contract with US-based Maxum

Madrid – The Spanish textile company Nextil Group has secured a major partnership with the US multinational Maxum International Group, becoming a key player in Maxum’s supply chain. This partnership is a direct result of the relocation of production by US companies, driven by the new trade and tariff policies of President Donald J. Trump. The...

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US and China trade talks: Focus on economy, trade, and TikTok

The US and China will resume trade talks next week. The US Treasury announced that Treasury Secretary Scott Bessent will meet with Chinese representatives in Madrid. Among them will be Vice Premier He Lifeng, who has led previous talks for China. There was no immediate confirmation from Beijing. According to the US announcement, Bessent will...

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Swatch responds to US tariffs with special "39%" watch

Zurich - Watch brand Swatch has responded to US tariffs with a special edition watch. The design plays on the 39 percent levy imposed on Switzerland. The brand has pledged to stop selling the watch "as soon as the US changes its tariffs". The Swiss brand, known for its multicoloured plastic watches, has launched a model where the numbers three...

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Richemont chairman hopeful of negotiated solution on US tariffs

Zurich - Richemont chairman Johann Rupert expressed optimism for a negotiated solution regarding US tariffs on Swiss goods. He stated on Wednesday that the luxury group remains "well-positioned" for the long term. "I am in contact with the Swiss government and the heads of the negotiations in the US", Rupert said at the annual general meeting in...

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CHIC Shanghai: China's garment manufacturers navigate trade conflicts and rising costs

Rising pressure surrounding the trade conflict between China and the US, as well as growing competition domestically and in other Asian countries such as Vietnam and Bangladesh, demand new measures for China's garment manufacturers. To understand how manufacturers are handling the situation, while rising costs and consumer reticence shape the...

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Italian leather industry closes 2024 with 30 billion euro turnover, down 8.6 percent

Milan - With approximately 10,000 active businesses, the Italian leather industry closed 2024 with a total turnover of 30 billion euros. This represents an 8.6 percent decrease compared to the previous year. The negative trend was also confirmed in the first six months of 2025, with a further 5.3 percent decline compared to the same period in...

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Media: Trump appeals to Supreme Court in tariff dispute

President Donald Trump has appealed to the Supreme Court to challenge an appeals court ruling that stripped him of the authority to impose extensive import tariffs under an emergency law. On Wednesday, his administration filed an appeal and requested an expedited procedure, urging the court to announce by September 10 whether it will take up the...

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Trump tariffs: Levi's UK flags 'anti-American' risk

Levi's UK has identified a potential threat to its business in the form of "rising Anti-Americanism" stemming from Trump Tariffs and other U.S. governmental policies. The company fears that this sentiment could cause consumers to shift their preferences away from U.S. brands, opting instead for "national / European products". This concern,...