Hugo Boss Warns of Weaker Demand in US and China, Risks From Tariffs Hugo Boss, the renowned fashion house, has recently issued a cautionary statement regarding a potential dip in consumer demand in key markets such as the United States and China. The company, known for its high-end apparel and accessories, highlighted concerns about the […]
UK Splits With EU by Opting Against Snap Tariff Retaliation
UK Splits With EU by Opting Against Snap Tariff Retaliation The United Kingdom has found itself at a crossroads in the aftermath of President Donald Trump’s decision to impose global tariffs on steel and aluminum. While the European Union has been quick to respond with retaliatory measures, the UK has taken a different stance by […]
Puma Warns Tariffs, Geopolitical Tensions in 2025 Forecast
Puma Warns Tariffs, Geopolitical Tensions in 2025 Forecast In a recent statement, the German sportswear giant Puma has issued a warning regarding the potential impact of tariffs and geopolitical tensions on its 2025 forecast. Despite expecting currency-adjusted sales to grow in the low- to mid-single-digit range, the company is bracing itself for challenges that may […]
Trump Puts Spotlight on Korea for ‘Higher-Than-China’ Tariff
South Korea’s Unfair Tariffs: A Closer Look at Trump’s Criticism President Donald Trump has once again stirred up controversy with his recent comments targeting South Korea’s trade practices. In a bold statement, Trump highlighted that South Korea imposes higher tariffs on American products compared to China, raising concerns about the fairness of trade relations between […]
Trump pushes for end to $52 billion semiconductor subsidy
Trump Advocates for Termination of $52 Billion Semiconductor Subsidy In a bold move to reshape the semiconductor industry, President Trump has been advocating for the end of a $52 billion subsidy that supports the production of semiconductors in the United States. This decision has sparked debate and divided opinions among industry experts, policymakers, and the […]
Tariffs on Canada, Mexico to Start Tuesday, Trump Says
Tariffs on Canada, Mexico to Start Tuesday, Trump Says US President Donald Trump’s recent announcement regarding the 25 percent tariffs on Mexico and Canada has sent shockwaves through the global economy. Despite mounting pressure and pleas for reconsideration, Trump made it clear that there is no turning back on this decision, causing widespread concern among […]
Trump Says Canada, Mexico Tariffs to Take Effect, Adds New China Duty
Trump Says Canada, Mexico Tariffs to Take Effect, Adds New China Duty President Trump has made a significant decision regarding tariffs on Canada, Mexico, and China, marking a new chapter in the ongoing trade disputes between these countries. The president had previously paused the sweeping duties on Canada and Mexico on Feb. 3 for one […]
Mexico Analysing More Measures to Crack Down on Low-Cost Shipments, Official Says
Mexico Considers Further Trade Measures to Combat Low-Cost Shipments from China Mexico is taking a proactive stance against low-cost imports, especially those originating from China. The country recently implemented tariffs on “de minimis” purchases, aimed at curbing contraband activities and preventing tax evasion. However, officials are now looking into additional measures to strengthen their efforts […]
Rabanne Owner Puig Expects Slower Sales Growth in 2025
Rabanne Owner Puig Expects Slower Sales Growth in 2025 Puig, the renowned owner of iconic fragrance brand Rabanne, is anticipating a shift in tides as they brace themselves for a slower sales growth in the upcoming year. This projection comes in the wake of a global beauty slowdown, coupled with the looming threat of potential […]
Bath & Body Works Forecasts Tepid Annual Results on Tariffs, Spending Concerns
Bath & Body Works Forecasts Tepid Annual Results on Tariffs, Spending Concerns Bath & Body Works, a well-known retailer specializing in personal care and home fragrance products, recently announced its fiscal 2025 forecast, projecting a modest net sales growth of 1 percent to 3 percent. While this prediction indicates some expansion, it falls notably below […]