China Proposes Rare Earth Export Relief for EU Talks continue over EV tariffs as China signals rare earth concession. In a significant development, China has proposed providing rare earth export relief for the European Union (EU). This move comes amidst ongoing discussions regarding electric vehicle (EV) tariffs between the two entities, showcasing China’s willingness to […]
Trump Tariffs Get Personal for the Harris Tweed Makers of the Hebrides
Trump Tariffs Threaten Harris Tweed Makers of the Hebrides The impact of Donald Trump’s tariffs is being felt far and wide, with the latest victims being the Harris Tweed weavers in the Outer Hebrides. These skilled artisans, who have been honing their craft for centuries, now find themselves facing an uncertain future as the tariffs […]
Lululemon Cuts Annual Profit Forecast as Demand Slows, Tariffs Weigh
Lululemon Cuts Annual Profit Forecast as Demand Slows, Tariffs Weigh Lululemon, the renowned activewear brand, has recently announced a cut in its annual profit forecast due to a slowdown in demand and the burden of tariffs. This move comes as a surprise to many, considering Lululemon’s history of growth and success in the activewear market. […]
Korean Beauty Start-Ups Bet Booming US Demand Outlasts Tariff Pain
Korean Beauty Start-Ups Bet Booming US Demand Outlasts Tariff Pain The world of beauty is witnessing a shift as South Korean cosmetic start-ups like Beauty of Joseon, Torriden, and d’Alba make bold moves to captivate the US market. Despite the looming threat of tariffs, these innovative companies are in talks with major US retailers to […]
Farm Rio Raises Prices, Slows Exports to US
Farm Rio Adjusts Strategy Amid Rising Costs and Tariffs The renowned Brazilian fashion company, Farm Rio, celebrated for its vibrant and eclectic designs sported by celebrities like Beyoncé and Justin Bieber, is facing a challenging predicament. In response to escalating costs and the impact of tariffs, the brand has announced a strategic shift that involves […]
Why Tariffs Haven’t Led to Soaring Prices – Yet
Why Tariffs Haven’t Led to Soaring Prices – Yet The global economy has been under immense pressure due to various factors, including the ongoing trade war and the impact of the pandemic. One of the significant concerns for many industries, especially fashion brands, has been the imposition of tariffs on imports. While it is anticipated […]
Why Brands Are Still Betting on the US
Why Brands Are Still Betting on the US Despite the uncertainties and challenges posed by tariffs, many brands are continuing to invest and expand their presence in the United States. The landscape of global trade has been turbulent in recent years, with escalating trade tensions and the imposition of tariffs by various countries. However, the […]
Rolex Lovers Splash Out on Used Watches Before Trump Tariffs
Rolex Lovers Splash Out on Used Watches Before Trump Tariffs As fears of potential US tariffs loom over luxury goods, aficionados of Rolex and Patek Philippe watches are not taking any chances. In late April, a significant surge in purchases of pre-owned timepieces from these prestigious Swiss brands was noted, reflecting a broader trend in […]
What’s Next for Trump’s Trade War After Court Blocks Tariffs
What’s Next for Trump’s Trade War After Court Blocks Tariffs The recent court ruling blocking Trump’s tariffs may seem like a significant blow to his aggressive trade policies. However, this setback may not be as permanent as it appears. The administration, led by a president known for his defiance of norms and institutions, could choose […]
Italy’s Golden Goose Rules Out IPO This Year, Sees Limited Impact From Tariffs
Italy’s Golden Goose Rules Out IPO This Year, Sees Limited Impact From Tariffs Italy’s renowned luxury sneaker brand, Golden Goose, has recently announced its decision to defer its Initial Public Offering (IPO) this year. Despite this delay, the company continues to hold a positive outlook on the prospect of a future market listing, indicating that […]