Latest in Government and Trade
Markets Rally as Trump Backtracks, Pausing Tariffs for 90 Days
U.S. President Trump announced Wednesday that he would pause double-digit duty increases on many of the…
U.S. Trade Czar Grilled by Congress as Trump Moves Forward With Triple-digit China Tariffs
U.S. Trade Representative Jamieson Greer fielded agitated questions from lawmakers concerned about the impact…
Luxury Goods Sector to Shrink 2% in Wake of Tariff Turmoil: Bernstein
The bank had initially estimated 5 percent growth, but it now foresees a global recession.
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Here’s How the Demise of De Minimis Could Impact E-Commerce and Resale
President Donald Trump signed an executive order that will collapse de minimis on goods imported from China…
London Fashion Week Axes June Edition, Doubles Down Showroom Support in Paris
An integral part of the BFC's support for emerging talents since 2008, London Show Rooms will now run four…
Fashion Will Bear Brunt of Trump’s ‘Reciprocal’ Duty Hikes
More than 90 percent of fashion firms will see duties heightened by up to 30 percent under Trump's new tariff…
Luxury Shares Drop, Price Hikes Loom in Wake of Trump Tariffs
Citi expects all brands to implement price increases in the U.S. by a single-digit percentage in coming weeks.
Trump’s ‘Liberation Day’ Tariffs Pack a Wallop
U.S. President Donald Trump announced reciprocal duties on America's trading partners, a universal baseline…
Trump’s Tariffs: The Hot-button Topic at AAFA Executive Summit in D.C.
In a keynote address, Tapestry CEO Joanne Crevoiserat said fashion companies have to be ready to operate in…
Impact of New Tariffs on Retail: Textiles and Apparel Sectors Brace for Higher Costs
With recent tariffs targeting imports from China and Mexico, U.S. retailers and manufacturers in textiles and…
China Sets 5% GDP Growth Target for 2025
Beijing has raised its budget deficit target to "around 4 percent" of GDP from last year's 3 percent, the…
Industry Laments ‘Potentially Crushing Burden’ of Trump’s Tariffs
Groups representing the interests of apparel, footwear, textiles and retail are grappling with the long- and…
U.S. Consumers Fret Over Tariffs, Canadians to Vote With Their Wallets
Consumers throughout North America have concerns over their spending amidst President Trump's tariff barrage.
Target CEO Brian Cornell Sees an Uncertain Landscape as Tariffs Hit
President Donald Trump's tariffs hike against Canada, China and Mexico are just starting to ripple through…
Trump Drops 25% Duties on Canada and Mexico, Fueling Trade War
The president formally confirmed the administration's intention to move forward with the duties, which were…
