Trump strikes, China counterattacks: A shock for the fashion and retail industry

Trade tensions between the United States and China are escalating as Beijing announces retaliatory measures in response to President Donald Trump’s decision to impose 10% tariffs on Chinese imports. The new Chinese countermeasures, which include tariffs on the energy, auto and technology sectors, as well as export restrictions on critical minerals, signal an escalation of the trade war that could have major consequences for global trade, particularly in the fashion and retail sectors.