Tag: trade
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...
Apparel
Revenue Drop for Under Armour Due to New US Tariffs
Under Armour has anticipated a revenue decrease of 6% to 7% for the second quarter of fiscal year 2026, citing changing trade policies and...
News
Indian Textile Industry Faces Crisis with New US Tariffs
The Indian textile sector is facing a crisis as the administration of U.S. President Donald Trump has instituted an additional 25 percent tariff on...
News
Vietnam Textile Sector Reports 9% Growth in Exports in 2025
Hanoi - Vietnam's textile and garment sector has demonstrated significant progress in the first seven months of 2025, with export revenues exceeding $26.33 billion....
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