duties news and archive

India suspends raw cotton import duties until September 2025

The Indian government has temporarily exempted all customs duties on raw cotton imports, effective from August 19 to September 30, 2025. The exemption removes an 11 percent import duty, which included a 5 percent basic customs duty, a 5 percent agriculture infrastructure and development cess, and a 10 percent social welfare surcharge. This...

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Business

Trump's tariff threat: How European luxury brands are preparing

While Donald Trump had threatened to impose duties of 50 percent on European imports from June 1, the White House eventually decided to extend the tariff pause until July 9. This decision, reported by Reuters on May 26, 2025, reflects an unavoidable reality: trade between the US and the European Union is essential in both directions. In 2024,...

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Retail

Ending Trump tariffs on footwear, Americans paid 3.4 billion dollars more for shoes in 2021

America’s retailers are hoping to turn back the Trump administration’s ruling additional tariffs on Chinese goods under Section 301 of the Trade Act, as prices continue to soar due to inflation. Earlier this year the Footwear Distributors & Retailers of America (FDRA) sent an open letter for the Biden government to lift the restrictive tariffs,...

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Business

U.S. considers new tariffs on European goods, including fashion

European brands could soon see their products increase in price as the U.S. contemplates increasing tariffs on imports from the UK, Spain, Germany and France. The move would net the U.S. 3.1 billion dollars on select imports, which would affect large luxury groups like LVMH but also smaller, independent labels. The tariffs, which could include...