Trade news and archive

Mexico eliminates tariff-free footwear imports to protect its industry

The Mexican government announced on Thursday the elimination of a temporary trade regime that allowed the tariff-free import of finished footwear. This has reduced production and employment in the sector, according to President Claudia Sheinbaum. This decision is the latest in a series that the left-wing government has implemented. It aims to...

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US ends de minimis loophole for international imports

As of Friday, the US has abolished duty-free imports for goods valued under 800 dollars. President Donald Trump initially lifted the exemption for China. At the end of July, he also ordered the end of duty-free status for parcels from around the world. International postal services had already restricted shipments to the US in recent weeks due...

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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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Asia holds the thread: Regional textile powers reinvent strategies amid global slowdown

While 2024-2025 financial results show a slowdown in consumption in several Asian countries – particularly for luxury groups like LVMH – the global textile sector continues to rely on the region. Several indicators from the first half of 2025 confirm Asia’s central role in global value chains. Between export growth, structural adjustments,...

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Bangladesh hopes for trade agreement with US

Dhaka, July 8, 2025 – Bangladesh, the world's second-largest textile manufacturer, still hopes to reach an agreement with the US to avoid the sharp rise in customs duties threatened by Donald Trump. A senior official told AFP on Tuesday. The textile industry contributes 80 percent of the South Asian country's total exports. One-fifth of its...

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UK signs 'landmark' free trade agreement with Australia

The UK has signed a trade agreement with Australia setting new global standards in customs and services and creating new work and travel opportunities for both nations. Agreed upon by UK prime minister Boris Johnson and Australian prime minister Scott Morrison in June, negotiators have now finalised the agreement with the final deal signed in a...

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How the US 25 percent trade tariff increase could hit EU and UK fashion

The United States announced recently that it would apply a tariff increase of 25 percent on goods from three European countries, as well as the United Kingdom, Turkey and India. The measure was soon suspended to allow for international negotiations to proceed. The 25 percent tariff increase was announced in response to the EU’s decision to apply...

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U.S. suspends tariffs on French luxury items over digital services tax

The United States has scrapped a new tariff on French goods in retaliation for a digital services tax. Goods including cosmetics, handbags and luxury items would have been subject to a 25 percent import tax. The U.S. is investigating the digital tax which it says could harm its native tech companies. Many European nations view a digital service...

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Is China altering the future shopping experience?

"China is a huge laboratory for innovation," says retail expert Angela Wang, "and in this laboratory everything found on the phones of the people instead." Five hundred million Chinese consumers - the equivalent along the total population of the United States, Britain and Germany - buy regularly on mobile platforms, even in stationary shops....

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Retail Trends for 2020

Make your consumers where they are and the way they want to be addressed 2020th Of educational platforms in stores, to on-demand Styling - The retail sector will change in the next 10 years than in the last 1000 years. Here five technologies are presented, which is the way we shop change.

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