Higher Clothing Prices Are Officially Here The recent report from the US Bureau of Labor Statistics has sent ripples through the fashion industry – apparel prices are on the rise for the first time in months. This increase comes hot on the heels of President Donald Trump’s announcement of tariffs, leaving many consumers and retailers […]
Trump Says Indonesia Goods to Face 19% Tariff Under New Pact
Trump Announces 19% Tariff on Indonesian Goods in New Trade Pact In a recent development in the world of international trade, President Donald Trump has announced a 19% tariff on goods imported from Indonesia under a new trade agreement. This move is aimed at balancing the trade deficit between the United States and Indonesia and […]
Levi Strauss Limits Selection for Holiday Shopping Season Due to Tariffs
Levi Strauss Limits Selection for Holiday Shopping Season Due to Tariffs The upcoming holiday shopping season might look a bit different for fans of Levi Strauss. The iconic denim brand, known for its quality products and wide range of styles, is making a strategic move in response to tariffs and economic pressure. Levi Strauss is […]
Adidas and Puma Bet on Running Shoes as Tariffs Loom
Adidas and Puma Bet on Running Shoes as Tariffs Loom Adidas and Puma, two iconic German sneaker brands, are gearing up for a strategic shift in their product focus. With the looming threat of tariffs and the increasing competition from smaller rivals like Hoka and On Holding AG, both companies are setting their sights on […]
Crunch Time for South Asia’s Fashion Manufacturers
Crunch Time for South Asia’s Fashion Manufacturers Factory owners and garment workers in countries like India, Bangladesh, and Sri Lanka are facing a challenging period as their governments work frantically to secure trade deals amidst the looming threat of increased tariffs from the United States. President Donald Trump’s unpredictable timeline for imposing tariffs has left […]
What Trump’s Latest Tariff Threats Mean for Fashion
Trump’s Latest Tariff Threats: A Game-Changer for Fashion Industry The fashion industry is no stranger to uncertainty. With trends evolving at a rapid pace and consumer preferences constantly changing, fashion brands and retailers are accustomed to navigating through a landscape of unpredictability. However, US President Donald Trump’s latest tariff threats have sent shockwaves through the […]
Trump Says Pharmaceutical Tariffs Could Reach 200%
Trump’s Bold Move: Pharmaceutical Tariffs Could Soar by 200% In a bold and unprecedented move, the Trump administration has set its sights on the pharmaceutical industry, contemplating the imposition of tariffs that could skyrocket to a staggering 200%. This drastic action comes on the heels of an investigation launched in April, with the administration citing […]
Trump to Levy 25% Tariffs on Japan, South Korea in August
Trump to Levy 25% Tariffs on Japan, South Korea in August In a bold move that is sure to have significant global economic ramifications, President Trump has announced plans to impose 25% tariffs on imports from Japan and South Korea starting in August. This decision comes as part of the ongoing trade tensions between the […]
Trump Sets August 1st Start for Tariffs Ahead of Wednesday Deadline
Trump Sets August 1st Start for Tariffs Ahead of Wednesday Deadline As the world watches with bated breath, President Trump has once again made waves in the realm of international trade. With new trade deals and tariff warnings on the horizon, negotiations are currently underway to sidestep punitive measures on exports to the United States. […]
US Close to Several Trade Deals, Bessent Says
US Close to Several Trade Deals, Bessent Says The United States is on the brink of finalizing several crucial trade deals, a development that could significantly impact global commerce. According to US Treasury Secretary Bessent, announcements regarding these agreements are expected imminently, just days before the looming July 9 deadline for increased tariffs. This news […]