US news and archive

US and China trade talks: Tariff increases suspended

The planned tariff increases in trade between the US and China remain suspended for the time being. US President Donald Trump signed a decree postponing the implementation until 00:01 (Washington time) on November 10. The Beijing Ministry of Commerce also confirmed the new deadline shortly afterwards. The United States intends to continue talks...

Member

Business

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...

FeaturedMember

Business

Luxury sector faces challenges: Tariffs, declining sales, and economic headwinds

Paris - The global luxury sector is facing increasing challenges, grappling not only with a decline in the consumption of high-end handbags, perfumes, and designer clothing but now also contending with new tariffs on exports to the United States, a crucial market. Bernard Arnault, chairman and CEO of LVMH, acknowledged the difficult landscape....

Member

Business

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....

Member

Business

Trump announces 'massive' trade agreement with Japan, citing reciprocal tariffs

President Donald Trump has announced a "massive" trade agreement with Japan, as stated on his platform Truth Social. Trump indicated that the two nations have agreed upon "reciprocal" tariffs of 15 percent, a reduction from his previous demand of 25 percent. This announcement reportedly led to a sharp rise in the Tokyo stock market. Trump...

FeaturedMember

Business

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...

Member

Business

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...

Member

Business

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...

FeaturedMember

Business

Middle East tensions: What will be the impact on fashion’s supply chain?

As military tensions escalated between Israel and Iran, global trade held its breath. At the heart of concerns was the Strait of Hormuz, the strategic maritime corridor through which nearly one-third of the world's oil passes. If this passage were to be blocked or seriously disrupted, the repercussions would not be limited to energy markets. The...

Retail

Honey Birdette set to expand to the US

London - Honey Birdette, Australian luxury lingerie brand, is set to make its physical debut in the US, following its UK push. The luxury label has confirmed the opening of two stores in the US, which will open their doors to the public later this year. The first to open will be located in Los Angeles Westfield Century City that will open this...

Business

G-III Apparel acquires 19 percent stake in Karl Lagerfeld Group

German designer Karl Lagerfeld has welcomed a new investor for his eponymous fashion house, namely G-III Apparel Group. The group, who acted as Lagerfeld’s joint-venture partner for his entry into the US, has acquired a 19 percent stake in Karl Lagerfeld Group through a capital increase, reported Women’s Wear Daily (WWD). The investment will...

Featured

Fashion

Primark set for spectacular growth with US debut

Primark is set for spectacular growth as it makes its American debut in September. The UK-based retailers could easily double sales and profits in just five years as it rolls out its first of its US stores in Boston. But it is not just expanding in the US that will spur the successful fast fashion chain's growth. But it is not just expanding in...