Tag: trade
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Trump Tariffs Adversely Affecting US Textile Industry
In a trade environment impacted by the previous administration’s tariff strategies, the U.S. textile industry is experiencing significant repercussions, according to industry leaders. President...
Apparel
50% Tariff to Hit India’s Home Textile & RMG Sectors: Crisil
The recent U.S. decision to impose a 25% tariff on imports from India is projected to have a substantial impact on earnings across sectors...
Apparel
Tariff Reduction to 20% a Win for Bangladesh Garment Sector
In a significant move poised to provide considerable relief to Bangladesh's export-driven garment sector, U.S. President Donald Trump has announced a major decrease in...
News
India Initiates New Committees for Textile Diversification
India’s Minister of Textiles, Giriraj Singh, recently announced the establishment of four industry-led committees aimed at expediting recommendations on market diversification, fiscal and business...
Apparel
Gildan Expands with $4.4 Billion Acquisition of HanesBrands
Gildan Activewear Inc., based in Canada, has entered into an agreement to acquire HanesBrands Inc. in a transaction valued at approximately $2.2 billion in...
Apparel
AAFA Calls for Clarity in US & China Tariff Agreements
The American Apparel and Footwear Association (AAFA) has expressed its response following President Trump’s recent executive order, which extends the temporary reduction of retaliatory...
Apparel
US Clothing Sales Gain in July Ahead of Expected Tariffs
U.S. retail sales experienced a notable rebound in July 2025, as consumers capitalized on summer discounts in anticipation of upcoming tariff hikes.
According to the...
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