Tariffs news and archive

As US trims China tariffs on toys and appliances, footwear and apparel remain on the hook for now

After the meeting between Chinese President Xi Jinping and US President Donald Trump in Washington, D.C., on September 25, both countries released on Monday reciprocal lists of nonsensitive products that will see tariff cuts. The lists include items worth about 30 billion dollars each, prioritizing agricultural commodities, hair and personal...

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Retail

How a third-generation Florence shoemaker is navigating the US tariff hit

For almost a century, Valentina Rangoni’s family has been selling Italian-made shoes for the United States through its primary brand, Amalfi by Rangoni. Now, the third generation shoemaker, who founded her own label in 2016 dedicated to women’s footwear, is facing an unprecedented business challenge: the Trump administration’s tariff policy. On...

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Business

Textiles: Does India want to make Bangladesh an extension of its industrial base?

Diplomats discuss tariffs and cross-border fluidity. Textile manufacturers, however, are watching how these barriers actually change their costs, market opportunities and production choices. By dispatching a delegation to Dhaka led by the Confederation of Indian Industry (CII), New Delhi is not just there to discuss market access for its...

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Tariffs put footwear margins and back-to-school demand under pressure, FDRA says

Following the release of the Consumer Price Index for July on Wednesday, the Footwear Distributors and Retailers of America (FDRA) issued a statement warning that pricing pressures continue to build across the footwear supply chain, affecting American families during the back-to-school shopping season. “Families are already dealing with higher...

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Raymond Lifestyle shifts export focus to Europe amidst new trade agreements

The Indian apparel group, which still generates 65 percent of its exports in the US, intends to increase Europe's share from 17 percent to 20–25 percent within two years. Is India looking to leverage its new agreements with London and Brussels to strengthen its position in European supply chains? The new international trade rules have taken a...

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Business

US fashion industry poised for sourcing consolidation and AI integration, study finds

The US fashion industry is facing another year of uncertainty. From the IEEPA tariffs that were ruled unconstitutional by the Supreme Court to the expiring Section 122 tariffs that took their place to the new 301 and 232 tariffs – tariffs remain a top concern for US fashion businesses from brands and retailers to importers. The United States...

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Business

US imposes new tariffs on 60 economies over forced labour concerns

Madrid – US president, Donald J. Trump, has once again disrupted trade relations with key partners and major global economies by announcing new additional tariffs for 60 economies. These new tariffs range from 10 to 12.5 percent. Special tariff quotas have also been added for textiles from Bangladesh, Cambodia, Indonesia and Malaysia, which are...

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Business

How Trump's Brazil tariffs risk reversing the great China exit

A new 25 percent US tariff took effect on Wednesday, impacting a range of Brazilian goods and directly affecting the American apparel and footwear industry. Announced by President Donald Trump on July 15, the tariff has drawn criticism from industry leaders, warning the levy will raise costs for US companies. "The Administration's tariff...

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Business

Detroit's Shinola debuts first brand campaign as Swiss rivals navigate a volatile year

As Swiss watch brands contend with a reshaped US tariff regime and supply disruptions stemming from the conflict in the Middle East, Detroit-based Shinola is making its most ambitious brand statement to date. On Tuesday, the company unveiled its first-ever overarching brand campaign, "Set The Pace," reintroducing the Runwell, the watch that...

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Business

Tariffs: US government repays over 81 billion dollars

Following a landmark Supreme Court ruling, the US government under President Donald Trump has repaid billions in tariffs. A total of approximately 81.3 billion dollars was refunded from October 2025 to the end of June, according to data from the Treasury Department. In the same period last year, the sum was just under 5.3 billion dollars....

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Business

NCTO pushes for tougher forced-labor tariffs in USTR Section 301 investigation

The National Council of Textile Organizations (NCTO), a Washington, DC-based trade association that represents the full breadth of the US textile industry, has offered recommendations in the US Trade Representative’s (USTR) ongoing Section 301 investigations, calling for new tariffs on apparel imports from countries at risk of forced labour in...

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Business

How current tariffs are impacting garment manufacturing and employment in Bangladesh, Vietnam and India

A series of escalating tariff regimes—most notably a universal 10 to 15 percent tariff implemented by the US—is triggering a massive reshuffling of global apparel sourcing. In addition, the US Trade Representative (USTR) launched a sweeping Section 301 investigation into forced labour compliance, threatening an additional 10 to 12.5 percent...