Tag: trade

US Tariffs Threaten EU Textiles with Asian Competition

The intensification of the trade conflict between the United States and China may result in a surge of Chinese goods entering the European market,...

Shein Sales in UK Surge to £2.8B as De Minimis Faces Change

The potential abolition of the de minimis threshold in the UK has raised concerns about the repercussions on Shein's considerable market presence, according to...

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...

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...

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...

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...

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...

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