This week’s round-up of global markets fashion business news also features the impact of Trump’s tariffs on manufacturers in India and Pakistan, relief among Latin …
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Tariffs
Op-Ed | Fashion’s Reset: What Tariffs Are Forcing Us to Finally Fix
Tariffs are forcing fashion to confront a reality it has refused to face — until now. Not because the system was working, but because the …
Trump Threatens 50% More China Tariffs, Teases Talks With Others
President Donald Trump threatened to slap additional 50 percent import taxes on China, while readying negotiations with Japan and Israel, leaving markets struggling to grasp …
Apparel Manufacturing Countries Seek to Negotiate With Trump on Tariffs
Vietnam said it is open to removing all tariffs on US imports on Saturday as it joined a growing list of clothing and footwear manufacturing …
China Retaliates Against Trump in Trade War With 34% Tariffs on US Imports
Stock markets around the world plunged for a second day on Friday as China announced retaliatory tariffs of 34 percent on US imports, signalling a …
Explainer: How Trump’s Tariffs Threaten Luxury Fashion
At a press conference in January, fresh off a promising earnings report and a stop at US President Donald Trump’s inauguration, LVMH chief Bernard Arnault …
Swiss Watch Industry Sees Tough Times Ahead Over Trump Tariffs
Swiss watch seller Sacha Davidoff was scrambling on Thursday to understand what new US tariffs on Switzerland announced by President Donald Trump meant for the …
Sneaker and Apparel Retailers Blindsided by Tariffs on Asian Factory Hubs
Prices of Nike Jordan and Adidas Samba sneakers are likely to rise in the United States after President Donald Trump imposed a raft of new …
Adidas, Puma Plunge as Trump’s Tariffs Shock Shoe Supply Chains
Adidas AG and Puma SE plunged amid a shock to their supply chains after President Donald Trump announced new tariffs on crucial shoe and apparel …
Trump’s Tariffs Rock Fashion’s Supply Chain
The global fashion industry was left stunned on Wednesday after President Donald Trump announced the highest and most comprehensive tariffs in nearly a century, with …
Analysis: US Tariffs on Vietnam Would Be a Blow to Nike and Other Sportswear Brands
Nike could soon face another blow in its effort to revive its brand and reverse a long decline in sales: US tariffs on imports from …
Trump’s Tariffs to Take Immediate Effect, White House Says
President Donald Trump’s sweeping tariffs will take immediate effect after they are announced Wednesday, his top spokeswoman said. “My understanding is that the tariff announcement …
Trump to Unveil Country-Based Tariffs Apr. 2 in Rose Garden
President Donald Trump will announce his reciprocal tariff push on Wednesday during an event in the White House Rose Garden, his top spokeswoman said. White …
Executive Memo | An Action Plan for Navigating Trump’s Tariffs
Donald Trump is erecting a wall around the world’s largest economy. The US president has already implemented new tariffs on imports of goods from China …
This Week: Tariffs and TikTok, 24/7
The fashion industry’s had a bit of a breather from the political news cycle lately as the Trump administration was consumed with damage control over …
Trump Says He May Give China Reduction in Tariffs to Get TikTok Deal Done
US President Donald Trump said on Wednesday he would be willing to reduce tariffs on China to get a deal done with TikTok’s Chinese parent …
Nike Comeback Bid Is Threatened by Inventory Reset, Tariffs
Nike Inc.’s turnaround effort is hitting snags as the company tries to clear out old inventory while feeling the effects of a growing trade war. …
How Can Canada’s Retail Renaissance Survive the Onslaught of Trump’s Tariffs?
Last week, former Governor of the Bank of England and the Bank of Canada and newly-elected Liberal party leader Mark Carney became Canada’s new Prime …
Canada to Announce C$29.8 Billion in Retaliatory Tariffs on US, Official Says
Canada will announce C$29.8 billion in retaliatory tariffs on the United States on Wednesday in response to US President Donald Trump’s steel and aluminium tariffs, …
Puma Warns Tariffs, Geopolitical Tensions in 2025 Forecast
Puma SE forecast another slow year of growth in 2025 due to global trade tariffs, currency volatility and geopolitical tensions. The German sportswear brand expects …