Latest in Government and Trade
Trump Announces 30 Percent Duties on EU, Mexico
The president posted letters to Truth Social detailing the new duty rates for America's southern neighbor and…
U.S. Apparel Imports From China Fell to a 22-year Low in May Amid Trade War Escalation
China's share of the U.S. apparel sourcing market fell below 10 percent for the first time in more than two…
As Tariff Hits Keep Coming, Experts Say Fashion’s Burden Could Be Compounded
The U.S. president released a handful of new announcements regarding tariff rates for U.S. trading partners…
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Trump Releases Flurry of Tariff Announcements for Bangladesh, Cambodia and More
The U.S. president began releasing open letters to trade partners on Monday stipulating new double-digit…
Shein Fined 40 Million Euros for Fake Discounts by French Competition Authority
It's the latest blow for the Chinese brand in France, which is moving forward on an anti-ultra fast fashion…
Bridal Executives Travel to D.C. to Seek Exemption From Tariffs
Six representatives from the bridal industry will be meeting with government officials to make an appeal to…
Italian Fashion Associations Sign Protocol to Combat Worker Exploitation in Supply Chain
The memorandum of understanding in the works since June 2024 proposes the creation of a digital supply chain…
Tiptoeing Around Trump, Fashion Refines Trade War Rhetorical Style
Doing business in the "Art of the Deal" age is tricky, but retail and fashion companies are zeroing in on an…
Trump Threatens 50% Tariffs on EU, Rattling Markets
The tariff hike, if it went into effect, would make it more expensive to bring EU goods into the U.S. than…
Saudi Arabia’s Ambitions for the Next Generation of Creative Leaders
With the upcoming opening of Istituto Marangoni's Riyadh Campus, Burak Camak, CEO of the Saudi Fashion…
British Luxury Exports 43 Percent Lower Due to Brexit, Says Walpole Report
The new report calls on the British government to address trade barriers with the European Union, such as…
Trump Lashes Out at Walmart, Says the Retailer Should ‘EAT THE TARIFFS’
CEO Doug McMillon told analysts on Thursday that the company could not absorb all the price pressure from…
Italian Trade Agency Transforms Headquarters Into a Luxurious Home
The former Auchincloss House on East 67th Street was the site of this year's Italy on Madison event.
U.S. and China Hit 90-day Pause on Tariffs, Begin Trade Negotiations
From Wednesday, the U.S. will lower tariffs on Chinese goods from 145 percent to 30 percent, while China will…
Tariffs Will Drive Up Prices for All Contemporary Jewelers, Says Pandora CEO
Pandora CEO Alexander Lacik said that if new U.S. import tariffs come into effect, mid-price jewelers that…