Donald Trump news and archive

Inditex: How Trump’s current ‘asymmetric tariffs’ could impact the Spanish mulitnational

Madrid – Of all the possible scenarios, the one emerging from this “pause” of 90 days decreed by US President Donald Trump regarding the new tariff policy of the US, with its “asymmetric tariffs” for China and the EU, appears to be the worst, most unfavourable, and most challenging for the interests of Inditex. What are the reasons? Let's take a...

Podcast

Podcast: 'Trump tariffs herald new era for global trade'

In a striking speech from the Rose Garden, President Donald Trump made his position clear: in his opinion, the era of globalisation is over. He announced sweeping import duties on foreign goods, firmly underscoring his economic course. The measures immediately caused a stir on Wall Street, where stock prices fell sharply. According to Brian...

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Trump bumps up tariffs on Chinese imports to 245 percent

US president Donald Trump has once again bumped up tariffs on Chinese imports. In the latest update from the White House, the Trump administration now said “China faces up to a 245 percent tariff on imports to the US as a result of its retaliatory actions”. This includes a 125 percent reciprocal tariff, a 20 percent tariff to address the...

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EU postpones retaliatory tariffs after US hits pause button

The European Commission is freezing its retaliatory tariffs against the US for 90 days. This is in response to a rollback by US President Donald Trump, who announced that certain recently introduced import duties would be postponed for 90 days. Trump paused the announced high import duties for goods from dozens of countries. During the 90...

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Tariffs: US textile buyers in Bangladesh have suspended orders, according to manufacturers

American buyers have begun suspending orders from Bangladesh, the world's second-largest garment manufacturer, following the increase in US tariffs, leading the interim Bangladeshi government to call on Monday for a three-month suspension of these taxes. Textile and garment production accounts for approximately 80 percent of the exports of this...

Business

Fashion and beauty stocks struggle on 'Black Monday': Prada drops 13 percent, On gains 3 percent

Uncertainty and panic over the effects of tariffs on the economy, coupled with fears that the trade war launched by the United States would only escalate, dominated the markets on Monday, in another dark day for the major stock indices. However, the day ended up being uneven among the major listed fashion and beauty companies posting losses once...

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Fashion industry faces turmoil as U.S. tariffs bite

The “Liberation Day” tariffs announced by the U.S. administration on Wednesday has sent shockwaves through global industries and financial markets. It precipitated steep stock market declines and raising fears of an escalating international trade war. The U.S. dollar has similarly taken a hit, falling 1.6 percent amid heightened uncertainty....

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Trump blows up fashion supply chains, with Turkey, Morocco and Egypt emerging as new ‘hubs’

Madrid – “Liberation Day” arrived, as the president of the US, Donald J. Trump, liked to call it. The trade war that the leader of the US promised to "correct" via tariffs, for what he considered to be abusive and non-reciprocal trade relations and have ultimately affected the economic and industrial performance of the US, has finally broken...

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Trump orders end to duty-free relief for small parcels from China

US President Donald Trump signed an order Wednesday to close a duty-free exemption for small parcels from China, in a move likely to severely disrupt the import of popular low-cost products. The rule has faced heavy scrutiny as US officials pointed to the growth of Chinese-founded online retailers Shein and Temu as a factor behind a surge of...

BusinessMember

US increases imports ahead of possible tariff hikes

Imports from the United States increased by 12.1 percent in January 2025 compared to December 2024. This is probably due to American companies anticipating the tariff increases that President Donald Trump wants to impose on foreign goods, according to the latest World Trade Monitor (WTM) from the Netherlands Bureau for Economic Policy Analysis...

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What do the European import tariffs on American products mean for the fashion industry?

Trade relations between the European Union and the US have become more complex since President Donald Trump re-launched import tariffs. In retaliation, on March 12, the EU launched its own import tariffs to protect European businesses, workers, and consumers from the consequences of unjustified trade restrictions. These so-called ‘retaliatory...

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US Retail Sales Dip 0.22% in February Despite Year-Over-Year Growth

Retail spending across the US may have declined on a monthly basis last month as concerns over tariffs increase, but continued to grow year over year as the economy holds steady, according to the latest CNBC/National Retail Federation (NRF) Retail Monitor. Total retail sales (minus automobiles and gasoline,) dropped 0.22 percent (seasonally...