Latest in Government and Trade
Fashion Will Bear Brunt of Trump’s ‘Reciprocal’ Duty Hikes
More than 90 percent of fashion firms will see duties heightened by up to 30 percent under Trump's new tariff…
Luxury Shares Drop, Price Hikes Loom in Wake of Trump Tariffs
Citi expects all brands to implement price increases in the U.S. by a single-digit percentage in coming weeks.
Trump’s ‘Liberation Day’ Tariffs Pack a Wallop
U.S. President Donald Trump announced reciprocal duties on America's trading partners, a universal baseline…
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Trump’s Tariffs: The Hot-button Topic at AAFA Executive Summit in D.C.
In a keynote address, Tapestry CEO Joanne Crevoiserat said fashion companies have to be ready to operate in…
Impact of New Tariffs on Retail: Textiles and Apparel Sectors Brace for Higher Costs
With recent tariffs targeting imports from China and Mexico, U.S. retailers and manufacturers in textiles and…
China Sets 5% GDP Growth Target for 2025
Beijing has raised its budget deficit target to "around 4 percent" of GDP from last year's 3 percent, the…
Industry Laments ‘Potentially Crushing Burden’ of Trump’s Tariffs
Groups representing the interests of apparel, footwear, textiles and retail are grappling with the long- and…
U.S. Consumers Fret Over Tariffs, Canadians to Vote With Their Wallets
Consumers throughout North America have concerns over their spending amidst President Trump's tariff barrage.
Target CEO Brian Cornell Sees an Uncertain Landscape as Tariffs Hit
President Donald Trump's tariffs hike against Canada, China and Mexico are just starting to ripple through…
Trump Drops 25% Duties on Canada and Mexico, Fueling Trade War
The president formally confirmed the administration's intention to move forward with the duties, which were…
Trump Says He’ll Impose ‘Fair and Reciprocal’ Tariffs on Trade Partners
The president signed a memorandum Thursday setting forth a process for imposing new duties on trade partners…
How Companies Like Target, E.l.f. and Levi’s Are Responding to Trump’s Anti-DEI Campaign
Some are holding their ground, but others are modulating their message.
Walpole to Tout British Craftsmanship, Tradition on New York Trade Mission
The British luxury goods association plans to visit New York in March amid the threat of U.S. tariffs and…
LVMH to Touch Down at Osaka-Kansai World Expo 2025 Ahead of a Dior Runway Show
LVMH brands, including Louis Vuitton, Dior, Celine, Chaumet and Moët Hennessy, will be showcased in permanent…
How Trump’s Aggressive Stance on Deportations Is Set to Disrupt Fashion
About 23 percent of apparel workers in the U.S. are undocumented.