L’Oréal and a coalition of leading beauty companies have urged the European Union to exclude cosmetics from potential retaliatory tariffs on US exports, warning that such measures could harm European businesses more than their American counterparts, according ot the Financial times. The EU is considering tariffs on over 1,700 US goods in...
Mar 26, 2025
Trade relations between the European Union and the US have become more complex since President Donald Trump re-launched import tariffs. In retaliation, on March 12, the EU launched its own import tariffs to protect European businesses, workers, and consumers from the consequences of unjustified trade restrictions. These so-called ‘retaliatory...
Mar 14, 2025
The European Union (EU) has launched countermeasures to the import duties imposed by the US. The EU is introducing its own import duties to protect European companies, workers and consumers from the consequences of unjustified trade restrictions, the organisation announced in a memo. Import duties are requested for textiles and leather goods,...
Mar 13, 2025
The European Commission made an official visit to India on February 27–28, marking a new step in strengthening diplomatic and trade relations between the two powers. This visit, which brought together more than twenty European commissioners, aimed to revive a "strategic partnership" between the EU and India, focusing on three key areas: trade,...
Mar 4, 2025
The European Union's new agreement, the Clean Industrial Deal, is intended to help European industry move forward in times of high energy costs and global competition. The new deal also has implications for the fashion and textile industry – initial reactions from the industry are already emerging. In brief: The Clean Industrial Deal aims to...
Feb 28, 2025
Continuing with the new direction of United States policy that the new Administration of President Donald J. Trump is beginning to set on all fronts, this Wednesday, February 26, Washington DC time, the American president himself took it upon himself to advance the decision that his new Government has already adopted in relation to its...
Feb 27, 2025
The European Commission is moving forward with amendments to the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD) through its “Simplification Omnibus Package.” A leaked draft has sparked heated debate, revealing major shifts in reporting thresholds, compliance timelines, and due...
Feb 25, 2025
The EU is preparing for a possible trade war with the US. Following US President Donald Trump's announcement of new tariffs on imports from Mexico, Canada and China, European heads of state and government expressed their determination at a summit in Brussels not to simply accept similar decisions against the EU. As a strong economic area, one...
Feb 4, 2025
The European Union has introduced a raft of sustainability regulations to ensure that companies meet certain due diligence and reporting standards. But recent political moves have raised concerns that these laws, still in their infancy, could be weakened before they are even properly implemented. This raises an important question: could the EU...
Jan 8, 2025
Schijvens Corporate Fashion is a leader in sustainability and has taken a pioneering role in preparing for the CSRD. Although the reporting requirement is not yet in effect for SMEs, the Brabant-based family business, which falls into this category, has already provided sustainability information with its latest annual financial statement...
The end of the year is approaching, bringing with it a recap of everything accomplished over the past months. December is a time for wrapping up, and fashion brands begin preparing their annual reports. Sustainability stands out as the key focus in non-financial reports. Whether due to regulatory requirements or the need to convey transparency...
Dec 18, 2024
Facing a wave of new rules by the European Union, the bloc’s fashion industry is gearing up to address its concerns. The next months will be crucial as legislators are starting to flesh out a set of green rules. In July, Ursula von der Leyen was re-elected as the President of the EU Commission. In her second term, the EU plans to implement a set...
Dec 6, 2024