Tariffs news and archive

Global fashion buyers return to confident ordering, says Joor

Fashion wholesale platform Joor has reported a strong rebound in international wholesale buying in the third quarter of 2025, as retailers outside the United States resumed orders following a slowdown earlier in the year. According to Joor’s transaction data from like-for-like retailers, global purchases declined by five percent year on year in...

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US government suspends additional tariffs on China until end of 2026

The US will not implement its threatened retaliatory tariffs on Chinese imports until at least November 10, 2026. This is according to a White House summary of the results of the meeting between US president Donald Trump and Chinese president Xi Jinping in South Korea. The current retaliatory tariff of 10 percent will remain in effect, the US...

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Following meeting with Trump: Xi warns of disrupted supply chains

Following a meeting with US president Donald Trump, China's head of state and party, Xi Jinping, has warned of a breakdown in supply chains. To drive economic growth, the stability of industrial and supply chains must be guaranteed, Xi said at the summit of heads of state and government of the Asia-Pacific Economic Cooperation (APEC) in...

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US–China trade truce resets outlook for fashion supply chains

A one-year trade deal struck in South Korea between Donald Trump and Xi Jinping changes US–China economic relations, easing immediate pressure on global manufacturing and logistics, reported the Financial Times. For fashion groups, the truce buys time rather than certainty. According to multiple briefings around the summit, China will suspend...

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Bjørn Gulden details Adidas's turnaround amidst tariff headwinds

Sportswear group Adidas has managed to somewhat limit the impact of US tariffs on its international business. For the current year, CEO Bjørn Gulden now only expects losses of around 120 million euros. Previously, the German company had anticipated a negative impact of 200 million euros. The majority of this will be incurred in the fourth...

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Trump: new tariff on Chinese imports is economically untenable

According to US President Donald Trump, the new tariffs he has threatened against China are economically unsustainable. When asked if the cumulative total tariff rate of 157 percent is sustainable for the economy and what it would mean, he said: “That is not sustainable, but that is the figure.” Trump continued in an interview with US television...

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Shein’s US Momentum stalls as De Minimis tariff exemption ends

Ultra fast fashion retailer Shein’s meteoric growth in the US has suffered a sharp deceleration following the Trump administration’s decision to rescind the so-called de minimis tariff exemption on August 29. According to Bloomberg’s Second Measure transactional data, observed US sales for Shein fell by about 8 per cent year-on-year in...

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US tariffs spark concern in India's textile capital

Tiruppur, India - The roar of sewing machines has given way to an unusual quiet in the textile factories of Tiruppur, in southeastern India. Since the tariffs on Indian exports was imposed by Donald Trump at the end of August, most have been operating at a reduced capacity. “US orders are almost at a standstill,” notes a disappointed Ramesh...

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EU-US agreement: a deal stabilising transatlantic trade despite differences

Despite persistent tensions, the framework agreement signed in July 2025 between the European Union and the United States marks a turning point in the perception of American companies based in Europe. According to the latest survey by the American Chamber of Commerce to the European Union (AmCham EU), published at the end of September, the sense...

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Nextil benefits from Trump's tariffs: 175 million dollar contract with US-based Maxum

Madrid – The Spanish textile company Nextil Group has secured a major partnership with the US multinational Maxum International Group, becoming a key player in Maxum’s supply chain. This partnership is a direct result of the relocation of production by US companies, driven by the new trade and tariff policies of President Donald J. Trump. The...

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US and China trade talks: Focus on economy, trade, and TikTok

The US and China will resume trade talks next week. The US Treasury announced that Treasury Secretary Scott Bessent will meet with Chinese representatives in Madrid. Among them will be Vice Premier He Lifeng, who has led previous talks for China. There was no immediate confirmation from Beijing. According to the US announcement, Bessent will...

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Swatch responds to US tariffs with special "39%" watch

Zurich - Watch brand Swatch has responded to US tariffs with a special edition watch. The design plays on the 39 percent levy imposed on Switzerland. The brand has pledged to stop selling the watch "as soon as the US changes its tariffs". The Swiss brand, known for its multicoloured plastic watches, has launched a model where the numbers three...