Tarrifs news and archive

Apparel and footwear industry responds to the suspension of the heightened tariffs on China

The American Apparel & Footwear Association responds following President Trump's executive order "Further Modifying Reciprocal Tariff Rates to Reflect Ongoing Discussions with The People's Republic of China," which extends the temporary reduction of retaliatory tariffs on U.S. imports from China maintaining the baseline rate of 30 percent for...

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EU-US trade deal: Trump hints at tariff reduction if EU opens markets

US President Donald Trump has offered to lower tariffs on the import of European products if the European Union opens its market further to the US. At an AI event, Trump said of the ongoing negotiations: "If they agree to open the Union to American companies, then we will levy a lower tariff." He added that serious negotiations were underway....

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US fashion group PVH says 'deeply disappointed' over China sanctions

US firm PVH, which owns Tommy Hilfiger and Calvin Klein, said Wednesday it was "deeply disappointed" by China's decision to place it on the country's sanctions list. Beijing on Tuesday added the fashion group and biotech giant Illumina to its list of "unreliable entities" -- part of a swath of measures against US businesses in China in an...

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The textile industry in Mexico and the US call for dialogue in the face of imposed tariffs

Mexico - On Saturday, February 1, US President Donald Trump signed an executive order imposing 25 percent tariffs on imported goods from Mexico and Canada and a 10 percent tax on China. This imposition of tariffs represents a challenge for all industries in Mexico due to the importance of the United States as a historical trading partner. In the...

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As elections near, US industry steps up campaign against Trump tariffs

US industry on Wednesday ratcheted up its opposition to President Donald Trump's trade wars, announcing the start of an election-season campaign against tariffs and promising a multi-pronged blitz of events and advertising. With mid-term elections less than two months away, the campaign also comes as the Trump administration has announced...