Trump’s Trade Surprises: Levies on Indian Imports and Deals for Thailand and Cambodia As the deadline loomed, President Trump made headlines with a series of unexpected trade announcements that sent shockwaves through the global market. One of the most significant revelations was the imposition of a 25 percent levy on Indian imports, a move that […]
US and EU Clinch Deal with 15% US Tariff on Most EU Exports to Avert Trade War
US and EU Reach Agreement: 15% Tariff on Most EU Exports to Avoid Trade War In a bid to de-escalate trade tensions and avoid a full-blown trade war between the United States and the European Union, a crucial agreement has been reached. Effective August 1, a 15% tariff will be imposed on a wide array […]
This Week: Countdown to Fashion’s Tariff Shock
Countdown to Fashion’s Tariff Shock: Brace Yourselves for the Impact The fashion industry is on the brink of a significant shakeup as sweeping new tariffs are scheduled to take effect on August 1st. This imminent change has sent ripples of concern throughout the sector, with stakeholders bracing themselves for the potential fallout. Even in the […]
Over $1B in smuggled NVIDIA chips sold in China after April’s US crackdown
Over $1B in Smuggled NVIDIA Chips Sold in China After April’s US Crackdown Despite U.S. efforts to block access to cutting-edge AI chips, Chinese companies continue to acquire these critical components through illicit means. The recent reports of over $1 billion worth of NVIDIA chips being smuggled into China and sold on the black market […]
Trump’s Tariffs: Beauty’s Winners and Losers
Trump’s Tariffs: Beauty’s Winners and Losers The beauty industry is a thriving market, with consumers constantly seeking the latest trends and products to enhance their appearance. From skincare to makeup, the demand for beauty products continues to rise globally. However, recent developments in the political landscape, specifically President-elect Donald Trump’s proposal to increase tariffs on […]
Space operators face strict cybersecurity obligations under EU plan
Space Operators Face Strict Cybersecurity Obligations Under EU Plan The European Union has taken a significant step in ensuring the security and integrity of space operations by implementing stringent cybersecurity obligations for space operators. This move comes as part of the EU’s broader efforts to safeguard the supply chains and ground systems that support crucial […]
Amazon Prime Day Sales Plunge 41% in First Day of Four-Day Event
Amazon Prime Day Sales Plunge 41% in First Day of Four-Day Event Amazon Prime Day, the highly anticipated annual event known for its massive sales and deals, kicked off to a surprising start this year. The e-commerce giant saw a significant 41% plunge in sales during the first day of the four-day event, leaving both […]
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 […]
This Week: Paris Couture and Trump’s Tariffs
Paris Couture Week and Trump’s Tariffs: A Confluence of Fashion and Politics This week marks an interesting intersection of glamour and geopolitics as Paris Couture Week unfolds amidst the looming specter of Trump’s tariffs on the fashion industry. The world’s most renowned couture houses are gearing up to showcase their latest creations, pushing the boundaries […]
For Retailers, US-Vietnam Trade Deal Leaves Questions
For Retailers, US-Vietnam Trade Deal Leaves Questions The recent implementation of new US tariffs on Vietnamese imports has sent shockwaves through the retail industry, leaving sportswear and clothing giants like Nike and Adidas grappling with uncertainty. The trade deal between the United States and Vietnam, once seen as a beacon of hope for affordable manufacturing […]