Fashion Stocks Soar After Trump Pauses Tariffs on All Countries But China The recent decision by President Trump to temporarily impose a universal 10 percent tariff on all countries except China has sent shockwaves through the fashion industry. While the higher levies initially announced caused concern among investors and experts alike, the revised tariffs have […]
Prada Nears Approval of Versace Deal Despite Tariffs
Prada Nears Approval of Versace Deal Despite Tariffs The luxury fashion industry is abuzz with anticipation as Prada SpA edges closer to securing the acquisition of Versace from Capri Holdings Ltd. in a deal worth €1.25 billion ($1.4 billion). Despite the looming threat of tariffs and economic uncertainties, Prada is forging ahead, showcasing resilience and […]
China hits US where it hurts the most, puts 18 US defense firms under restrictions
China Hits US Where It Hurts the Most, Puts 18 US Defense Firms Under Restrictions Amid a worsening US-China trade war, Beijing on Wednesday hit back at Washington by imposing restrictions on 18 American defense companies. This move comes as a retaliatory measure in response to the United States’ increased scrutiny on Chinese tech firms […]
US Raises Charges on Small Parcels, Targeting Chinese Retailers
US Raises Charges on Small Parcels, Targeting Chinese Retailers In a recent move by President Trump, tariffs on small parcels that were previously exempt from taxes have been raised significantly to 90 percent. This decision has sent shockwaves through the retail industry, especially impacting Chinese retailers who heavily rely on shipping small parcels to the […]
Trump’s Tariffs Send Beauty Industry Into Crisis Mode
Trump’s Tariffs Send Beauty Industry Into Crisis Mode The beauty industry is known for its resilience in the face of challenges, but the recent implementation of high tariffs on key import sources by the Trump administration has sent shockwaves through the sector. With major beauty powerhouses like South Korea and France being heavily impacted by […]
US Forges Ahead With 104% Tariffs on China, Says Willing to Talk to Other Countries
US Forges Ahead With 104% Tariffs on China, Says Willing to Talk to Other Countries The trade war between the United States and China has escalated once again, with the US announcing a staggering 104% tariff on certain Chinese goods. This move comes as a bold statement from the Trump Administration, highlighting their commitment to […]
The Debrief | Trump’s Tariffs Change Everything
The Debrief | Trump’s Tariffs Change Everything The recent implementation of tariffs by Donald Trump has sent shockwaves through the fashion industry, impacting everything from consumer behavior to global supply chains. Sustainability correspondent Sarah Kent and luxury correspondent Simone Stern Carbone have weighed in on the far-reaching implications of this historic decision. Let’s delve into […]
Worldview | Africa’s Garment Factories Raise Alarm Over US Tariffs
Worldview | Africa’s Garment Factories Raise Alarm Over US Tariffs The fashion industry is a delicate ecosystem, with global markets intricately intertwined, each thread pulling on another. As this week’s news unfolds, Africa’s garment factories find themselves at the center of a storm caused by the recent tariffs imposed by the United States. While manufacturers […]
Op-Ed | Fashion’s Reset: What Tariffs Are Forcing Us to Finally Fix
Fashion’s Reset: What Tariffs Are Forcing Us to Finally Fix The fashion industry has long been plagued by issues such as collapsing margins and surging inventory costs. These challenges have not only created a crisis within the industry but have also shed light on the urgent need to rebuild our broken fashion system. In a […]
Ackman urges tariff freeze as crypto markets tumble
Ackman Urges Tariff Freeze as Crypto Markets Tumble Amidst the chaos of the markets, a new voice has risen to advocate for stability. Bill Ackman, a prominent ally, has taken a stand against Trump’s proposed 25% tariff plan, citing concerns of potential mass layoffs and a decline in business confidence. As the repercussions of such […]