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Mexico eliminates tariff-free footwear imports to protect its industry

The Mexican government announced on Thursday the elimination of a temporary trade regime that allowed the tariff-free import of finished footwear. This has reduced production and employment in the sector, according to President Claudia Sheinbaum. This decision is the latest in a series that the left-wing government has implemented. It aims to...

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US ends de minimis loophole for international imports

As of Friday, the US has abolished duty-free imports for goods valued under 800 dollars. President Donald Trump initially lifted the exemption for China. At the end of July, he also ordered the end of duty-free status for parcels from around the world. International postal services had already restricted shipments to the US in recent weeks due...

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Trump threatens tariffs over digital laws; EU counters

The EU remains unfazed by new tariff threats and demands from US president Donald Trump. Spokespeople for the European Commission, responsible for EU trade policy, made it clear in an initial reaction that the EU will not be dictated to by Trump regarding the rules it sets for digital platforms and businesses. They also referred to the recent...

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Global postal services suspend US shipments amid de minimis changes

Global postal services are enacting either a full or partial pause on shipments to the US amid the region’s changes to the de minimis rule, which had allowed for packages worth under 800 dollars to enter the country duty-free. First introduced in 2016, President Donald Trump had first brought the exemption to an end in May for goods imported...

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AAFA urges Trump administration to add non-cumulative clause for Chinese tariffs

The American Apparel & Footwear Association (AAFA) has issued a response to President Trump’s executive order extending temporary tariff relief on Chinese imports for another 90 days. The order, titled “Further Modifying Reciprocal Tariff Rates to Reflect Ongoing Discussions with The People’s Republic of China,” was issued on August 11 and cites...

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Import cargo levels for 2025 predicted to drop more than 5 percent due to increasing tariffs

Import cargo levels at large container ports across the nation are expected to drop as new tariffs continue to impact international trade. Import cargo levels for 2025 are projected to end 5.6 percent less than 2024’s levels, according to the Global Port Tracker report from the National Retail Federation and Hackett Associates, as tariffs on...

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US fashion industry faces historic price surge following reciprocal tariffs

The retail landscape in the United States underwent a dramatic shift on August 7 as the most comprehensive tariff increases since the 1930s took effect. Thursday saw the reciprocal tariffs come into effect under the Trump administration after months of delays, with most imports into the country being hit with a baseline 10 percent duty. But with...

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Trump on customs deal: 600 billion dollar ‘gift’ from EU

The 600 billion dollars pledged by the EU in investments as part of the customs deal with the US is at the free disposal of the US, according to US President Donald Trump. “They have given us 600 billion dollars that we can invest in anything we want,” he said in an interview with CNBC. Trump described the sum as a “gift” that is not a loan and...

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Asia holds the thread: Regional textile powers reinvent strategies amid global slowdown

While 2024-2025 financial results show a slowdown in consumption in several Asian countries – particularly for luxury groups like LVMH – the global textile sector continues to rely on the region. Several indicators from the first half of 2025 confirm Asia’s central role in global value chains. Between export growth, structural adjustments,...

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EU presents new list of retaliatory tariffs after Trump's letter

Following US President Donald Trump's new tariff announcements, the EU is preparing additional retaliatory tariffs on 72 billion euros worth of imports from the US. This was announced by the relevant EU Commissioner, Maros Sefcovic, after a meeting of trade ministers in Brussels. The preparations for the countermeasures involve a list of...

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UK government introduces new trade measures for developing countries

The UK government has introduced new measures that intend to simplify imports from developing countries. The changes come under the Developing Countries Trading Scheme and, according to a press release, aim to “lower prices on everyday goods while supporting growth in some of the world’s poorest nations”. The measures particularly address...

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Bangladesh hopes for trade agreement with US

Dhaka, July 8, 2025 – Bangladesh, the world's second-largest textile manufacturer, still hopes to reach an agreement with the US to avoid the sharp rise in customs duties threatened by Donald Trump. A senior official told AFP on Tuesday. The textile industry contributes 80 percent of the South Asian country's total exports. One-fifth of its...