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European textile federations call on the EU for "urgent action" against ultra fast fashion

Paris - "Without delay", "immediately": European textile and clothing companies "can no longer wait years for measures to be taken against ultra fast fashion", they write in a joint letter to the European Commission. Fashion and textile players are growing impatient with the slow legislative response to Shein, Temu and AliExpress. These large...

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France urges EU to delist non-compliant ecommerce platforms

Paris - The French government is urging the European Commission to swiftly adopt new powers that would allow it to "delist" online sales platforms that violate EU laws. According to a letter from Minister Véronique Louwagie, obtained by AFP, this measure is primarily aimed at companies like Shein. Louwagie wrote to European Commissioner for...

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Trump threatens tariffs over digital laws; EU counters

The EU remains unfazed by new tariff threats and demands from US president Donald Trump. Spokespeople for the European Commission, responsible for EU trade policy, made it clear in an initial reaction that the EU will not be dictated to by Trump regarding the rules it sets for digital platforms and businesses. They also referred to the recent...

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Trump on customs deal: 600 billion dollar ‘gift’ from EU

The 600 billion dollars pledged by the EU in investments as part of the customs deal with the US is at the free disposal of the US, according to US President Donald Trump. “They have given us 600 billion dollars that we can invest in anything we want,” he said in an interview with CNBC. Trump described the sum as a “gift” that is not a loan and...

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Temu under scrutiny: EU investigates potential digital law breaches

The Chinese online marketplace Temu is in breach of European digital law, according to an analysis by EU Commission experts. A preliminary assessment by the Brussels authority revealed a high risk for EU consumers encountering illegal products on the platform. The EU Commission stated that, under the Digital Services Act (DSA), Temu is obligated...

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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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Global apparel exports: EU displaces China from top spot

For the first time since 2005, China was not the world's leading apparel exporter last year. This is according to a report by the trade magazine “The Spin Off”, which refers to current data from the World Trade Organization (WTO). According to the report, European Union (EU) member states exported apparel worth a total of 166 billion dollars in...

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EU and Japan agree on closer cooperation

Japan and the European Union (EU) aim to further strengthen their cooperation in the areas of economic security, trade and defence. For this purpose, both sides launched a "Competitiveness Alliance" at a summit meeting in Tokyo. "We will expand our cooperation on increasing the resilience of supply chains and reducing strategic dependencies," a...

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Trump announces 30 percent tariffs on EU imports

US president Donald Trump intends to impose a 30 percent tariff on imports from the EU from August 1, 2025. The Republican announced this on his platform Truth Social. In a published letter to European Commission president Ursula von der Leyen, Trump threatened further tariff increases in the event of countermeasures. Mexico also received a...

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US makes new offer to EU in tariff dispute

In the trade dispute with the EU, the US submitted a new offer. The European Commission confirmed on Thursday that it had received a relevant US document. It was being reviewed, Commission President Ursula von der Leyen said on Thursday night after an EU summit. "We are ready for an agreement. At the same time, we are preparing for the...

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EU member states aim to significantly dilute supply chain act

EU member states sought to significantly dilute the European Supply Chain Act. A majority of countries voted to apply the human rights protection law only to companies with more than 5,000 employees, instead of the previous threshold of 1,000, the member states announced. In addition, the turnover threshold was to be raised from 450 million...

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Green Claims Directive: European Commission clarifies withdrawal of proposed law

The Green Claims Directive, also known as the anti-greenwashing law, may not be withdrawn after all. A commission spokesperson clarified that the withdrawal will only happen if a specific recent amendment is maintained. Spokesperson Paula Pinho noted that the amendment in question would bring small and medium-sized enterprises (SMEs) under the...