Swiss Watch Exports Surge in April Amid Looming US Tariffs Swiss watch exports to the US experienced a notable upswing in April, propelled by a surge in shipments preceding the looming threat of tariff increases. The timepiece industry, renowned for its precision, craftsmanship, and timeless appeal, has been navigating challenges amidst the global economic landscape. […]
US delays 50% tariff on EU imports until July
US Delays 50% Tariff on EU Imports Until July The recent decision by the United States to postpone the imposition of a 50% tariff on imports from the European Union has brought a sigh of relief to businesses on both sides of the Atlantic. Talks on US-EU trade tariffs will resume, with a new deadline […]
US to tighten AI chip controls amid China pushback
US Tightens Export Controls on Advanced AI Chips Amid China’s Pushback In the ever-evolving landscape of global technology and innovation, the United States is taking a bold stance to tighten export controls on advanced AI chips. This strategic move is aimed at limiting China’s rapid technological advancement, particularly in the realm of artificial intelligence, which […]
Tech coalition to push for faster US foreign cybersecurity aid
Tech Coalition Urges Faster US Foreign Cybersecurity Aid to Address Growing Geopolitical Tensions The tech industry is no stranger to geopolitical tensions, particularly when it comes to issues of cybersecurity and national security. With the US ramping up export controls on advanced AI chips in an effort to curb China’s technological and military advancements, a […]
BRICS conclude Understanding on Data Economy Governance
BRICS Trade Ministers Approve Data Economy Governance Understanding In a significant move towards fostering a fair and equitable data economy, the Trade Ministers of the BRICS nations have approved the Data Economy Governance Understanding. This landmark agreement marks a crucial step in promoting the responsible and transparent use of data among Brazil, Russia, India, China, […]
British Luxury Exports to EU Lag Due to Brexit, Lobby Group Says
British Luxury Exports to EU Lag Due to Brexit, Lobby Group Says The impact of Brexit on the UK’s luxury exports to the European Union has been a point of concern for many in the industry. According to the prestigious British luxury goods lobby group, Walpole, shipments of UK designer goods to the EU have […]
US and China Reach Deal to Slash Tariffs
US and China Reach Deal to Slash Tariffs In a significant development, the United States and China have agreed to a 90-day pause in their ongoing trade war, leading to a substantial reduction in reciprocal tariffs. This crucial agreement comes as a temporary relief from the escalating tensions between the two economic powerhouses, offering hope […]
US, China Cite ‘Substantial Progress’ in Geneva Trade Talks
US, China Cite ‘Substantial Progress’ in Geneva Trade Talks In a significant development, the United States and China have acknowledged making substantial progress in their recent trade discussions held in Geneva. The talks, which involved high-ranking officials from both countries, have paved the way for a potential resolution to the ongoing trade disputes that have […]
Tariff Windfall Tests Limits of India’s Apparel Factories
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 […]