Tariff Windfall Tests Limits of India’s Apparel Factories The global trade landscape is witnessing a significant shift as US retailers are redirecting their orders from traditional manufacturing giants like China and Bangladesh towards new destinations to leverage lower tariffs. Among these emerging hubs, India’s textile epicenter of Tiruppur is experiencing a sudden surge in demand […]
Italian Fashion Group OTB Assessing Extent of Price Hikes in US
Italian Fashion Group OTB Assessing Extent of Price Hikes in US Italian fashion conglomerate OTB, the proud owner of iconic brands such as Diesel, Jil Sander, and Maison Margiela, is currently in the midst of evaluating the potential impact of looming trade tariffs on its US market prices. CEO Ubaldo Minelli recently disclosed this strategic […]
Trump signals new extension for TikTok divestment deadline
Trump Signals New Extension for TikTok Divestment Deadline Amid heated US-China tariff tensions, President Trump’s recent signal of a potential extension for the TikTok divestment deadline has added another layer of complexity to the ongoing saga. The popular social media app, known for its short-form videos and dance challenges, has found itself at the center […]
As Trump Moves to Tax Small Parcels, Some Retailers Give Up on US
Small Parcels Tax: How Retailers are Adapting to Trump’s Policy Change In recent times, the landscape of international retail has been undergoing significant shifts, largely due to the policies put in place by governments worldwide. One such policy change that has been making waves is the removal of de minimis, a regulation that exempts small […]
India seeks tech parity and trade concessions in US pact talks
India Seeks Tech Parity and Trade Concessions in US Pact Talks As discussions continue between India and the United States regarding a potential trade agreement, both nations have laid out their priorities. The US, aiming to boost its exports, is pushing for reduced tariffs on automobiles, wines, and agricultural goods. On the other hand, India […]
Trump suggests tariffs could replace income taxes
Trump Suggests Tariffs Could Replace Income Taxes In a bold move that could potentially revolutionize the American tax system, President Trump has suggested the idea of using tariffs to replace income taxes. This proposal has stirred up a significant amount of debate and controversy, with supporters praising it as a way to boost the economy […]
US and China Holding Talks on Trade War, Trump Says After Beijing Rebuttal
US and China Make Progress in Trade War Negotiations, Trump Confirms Following Beijing’s Response In a bid to put an end to the ongoing trade tensions between the United States and China, President Donald Trump revealed to reporters that significant progress had been made during talks held on Thursday. The discussions aimed to address the […]
China Says US Should Revoke Unilateral Tariffs, Denies Talks
China Urges US to Revoke Unilateral Tariffs Amid Denial of Talks In the ongoing trade war between the United States and China, tensions continue to rise as the Chinese Commerce Ministry spokesman He Yadong made a bold statement on Thursday. He stated, “Any reports on development in talks are groundless,” effectively denying any ongoing negotiations […]
Trump threatens new tariffs within weeks
Trump Threatens New Tariffs Within Weeks President Trump’s latest move in the ongoing trade war saga has sent shockwaves through the global market. The threat of new tariffs being imposed within weeks looms large, leaving many nations scrambling to secure trade deals to avoid a potential economic disaster. The current tariff relief, which has provided […]
EU Heads of Mission embark on strategic outreach visit to Winnipeg, strengthening Canada-Europe ties
EU Heads of Mission Strengthen Canada-Europe Ties Through Strategic Outreach Visit to Winnipeg A recent strategic outreach visit by the EU Heads of Mission to Winnipeg has sparked optimism and excitement in the realms of trade, innovation, and regional cooperation between Canada and Europe. This significant move underscores a commitment to fortifying the existing bonds […]