EU Extends Olive Branch to US: Postpones Tariffs Amid Ongoing Trade Talks In a surprising turn of events, the European Union has decided to postpone the implementation of tariffs on US goods for an additional six months. This move comes as a gesture of goodwill to foster ongoing trade negotiations between the two economic powerhouses. […]
China’s Fast-Fashion Capital Slows Down Under Trump’s Trade War
China’s Fast-Fashion Capital Slows Down Under Trump’s Trade War Garment factories in Guangzhou, often hailed as China’s fast-fashion capital, are currently facing turbulent times as they navigate through a storm of geopolitical and economic challenges, primarily catalyzed by the ongoing trade tensions between the United States and China. The reverberations of this conflict have significantly […]
Relief in Southeast Asia As Trump’s Tariffs Level Playing Field
Relief in Southeast Asia As Trump’s Tariffs Level Playing Field The global economy has been experiencing some turbulence lately, particularly in Southeast Asia, where major garment producers like Vietnam and Cambodia have been anxiously awaiting the outcome of the trade war between the United States and China. The uncertainty caused by escalating tariffs has cast […]
Asia Factory Outlook at Lowest Since Pandemic on Trump Tariffs
Asia Factory Outlook at Lowest Since Pandemic on Trump Tariffs Manufacturers in Southeast Asia are facing a challenging landscape as they navigate through uncertainties surrounding trade tariffs imposed by the Trump administration. Despite recent improvements in output, the overall sentiment towards future growth in the region has dampened significantly, reaching its lowest point since the […]
Trump Unleashes a Flurry of Trade Surprises on Eve of Deadline
Trump’s Trade Surprises: Levies on Indian Imports and Deals for Thailand and Cambodia As the deadline loomed, President Trump made headlines with a series of unexpected trade announcements that sent shockwaves through the global market. One of the most significant revelations was the imposition of a 25 percent levy on Indian imports, a move that […]
Mexico Raises Import Taxes on Online Purchases From Shein, Temu
Mexico Raises Import Taxes on Online Purchases From Shein, Temu In a move that has raised eyebrows and sparked discussions worldwide, Mexico has recently decided to increase import taxes on online purchases from popular Chinese e-commerce platforms like Shein and Temu. This decision comes as pressure mounts from the United States, signaling a shift in […]
New US copper tariff rattles markets ahead of August deadline
New US Copper Tariff Rattles Markets Ahead of August Deadline The recent announcement by Chile to seek exemption from the new US import tariffs has sent shockwaves through the copper market, resulting in a significant drop of over 6% in copper prices. This move has sparked concerns among investors and industry experts as the August […]
Nvidia’s strategic chipset order with TSMC amid evolving US-China trade dynamics.
Nvidia’s Bold Move: Strategic Chipset Order with TSMC Amid US-China Trade Dynamics Reviving H20 chip sales to China with a 300,000-unit order, defying a US ban lift amid trade tensions! Will this tech gamble pay off or fuel a new war? In the world of technology and international trade, strategic decisions can make or break […]
US and EU Clinch Deal with 15% US Tariff on Most EU Exports to Avert Trade War
US and EU Reach Agreement: 15% Tariff on Most EU Exports to Avoid Trade War In a bid to de-escalate trade tensions and avoid a full-blown trade war between the United States and the European Union, a crucial agreement has been reached. Effective August 1, a 15% tariff will be imposed on a wide array […]
Trump’s Impact on Fashion Takes Shape
Trump’s Impact on Fashion Takes Shape The recent actions and statements made by US President-elect Donald Trump have sent shockwaves across various industries, including fashion. With a focus on trade policies, diversity, and consumer sentiment, Trump’s impact on the fashion world is beginning to take shape. One of the key areas where Trump’s influence is […]