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Trump doesn't see a need to bring back textile manufacturing to the US

President Donald Trump has stressed that his US tariff policies, impacting global trade and supply chains across several industries and financial markets, are intended to encourage and support domestic manufacturing of advanced technology and defense equipment, not consumer goods like t-shirts or sneakers. Talking with reporters prior to...

May 27, 2025

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Trumps' tariffs hault expansion plans of German textiles discounter Kik

German affordable textiles chain, Kik, has halted its plans to enter the United States due to the threat of higher tariffs. Instead of taking the tariff risk, the company wants to focus on expansion in Europe. Kik aimed to conquer the U.S. by opening its first ten stores in the Midwest during 2019. The U.S. market offers unlimited growth...

Jul 13, 2018

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Business

German textiles discounter Kik stops U.S. expansion plans due to Trump

German affordable textiles chain, Kik, has halted its plans to enter the United States due to the threat of higher tariffs. Instead of taking the tariff risk, the company wants to focus on expansion in Europe. Kik aimed to conquer the U.S. by opening its first ten stores in the Midwest during 2019. The U.S. market offers unlimited growth...

Jul 12, 2018

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