Trump news and archive

Fashion braces for a 15 percent tariff in Trump’s ‘Big Beautiful Deal’

The fashion industry has always been attuned to the political currents that ripple through global commerce, and is once again realigning its seams. This weekend, a long-anticipated agreement between the United States and the European Union appeared to put an end to the looming threat of a full-blown trade war. As reported by Politico,...

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Business

Amazon 'applauds' Canada's scrapping of tech tax

Amazon said Tuesday it "applauds" Canada's decision to scrap its digital services tax in order to salvage trade talks with the United States, calling it a win for the online retailer's customers. The digital services tax, enacted last year, would have seen US technology giants such as Amazon on the hook for a multibillion-dollar payment in...

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French companies resist Paris' call

Paris - Since the publication of the AFP article on Sunday, April 21st, regarding the tensions between major French companies and the political powers — an in-depth piece outlining the positions taken by Bercy to encourage several groups to suspend their American projects — none of the main groups concerned — LVMH, Schneider Electric, CMA CGM —...

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NCTO Commends President Trump’s Pause on Tariffs for Imported Goods Compliant with Mexico, Canada Trade Deal; Urges Agreement to Exempt These Imports

The National Council of Textile Organizations (NCTO), representing the full spectrum of U.S. textiles from fiber to finished sewn products, issued the following statement today from President and CEO Kim Glas regarding President Donald Trump’s one-month suspension of tariffs for qualifying imports under the U.S.-Mexico-Canada Agreement (USMCA)....

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Trump unleashes tariff war with EU and announces a +25 percent tariff on imports

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...

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NRF warns of consumer impact of reciprocal US tariffs

President Donald Trump has signed an executive order implementing a reciprocal tariff policy, meaning that any tariffs imposed on US goods by other countries will be matched equally, leading to a wave of fresh concerns being raised, including some by the National Retail Federation (NRF). Signed last Thursday, the policy applies to tariffs and...

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Inauguration Day could spark further protests and damage to retailers

Last week’s storming of Washington’s Capitol that left five dead and a path of destruction in its wake, has left retailers weary of America’s inauguration of a new president next week. Store chains including Macy’s, DSW and Comfort One Shoes are reportedly bracing for a potential uprising and riots. Armed protests should be expected at all 50...

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Retail

DC retailers forced to close as mayor declares state of emergency

As political unrest took over America’s democracy at its heart – the White House - the DC mayor declared a state of emergency and ordered a citywide curfew requiring all retailers and businesses to close until Thursday morning. No persons other than essentials workers were allowed to be in public streets in accordance with the ordinance. WWD...

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Business

Trump announces probe of Chinese companies listed in US

US President Donald Trump on Friday ordered a probe into the actions of Chinese companies listed on American financial markets as tensions flared anew between the world's two biggest economies. The announcement followed Beijing's move to implement a new security law on semi-autonomous Hong Kong that critics say would stifle freedom, as well as...

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AAFA welcomes order for duty deferral; says more needs to be done

American Apparel & Footwear Association President and CEO Steve Lamar welcomed the partial duty deferral provided by the Trump administration via Executive Order, while acknowledging that more needs to be done to help American businesses survive the COVID-19 crisis. The Executive Order provides authority to the Secretary of the Treasury and...

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AAFA urges President to provide tariff relief to American businesses and consumers

Today, the American Apparel & Footwear Association sent a letter to President Donald J. Trump emphasizing the need for a "Phase One" deal that both eliminates the tariffs that are currently in place and removes the threat of those scheduled to take effect on December 15. "While the punitive tariffs imposed by both the U.S. and China over the...

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Nicolas Ghesquière rejects association with Donald Trump

LVMH's recent Louis Vuitton factory opening in Texas was supposed to be a celebration of the glory of manufacturing and the jobs that the company would be bringing to the United States, however it was a celebration that didn't take too long to ruin thanks to its association with Donald Trump. As support for impeaching Trump increases and...