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US Senate garners industry praise for passing bill that could end de minimis loophole

Textile industry leaders have praised the US Senate’s decision to pass a budget reconciliation package that could potentially see the permanent end of de minimis for commercial shipments from all countries. The provision, which would end de minimis treatment by July 1, 2027, comes as part of a broader budget bill addressing tax code provisions...

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Business|OPINION

Trump's tariffs: Unexpected boom for second-hand clothing market

Around a month ago, Donald Trump turned his favourite word ‘tariffs’ into a much-feared reality. The result? Panic in the fashion world, stock market prices that are trembling, and brands that are frantically calculating price increases in Excel spreadsheets. Because one thing is certain: ‘new’ will soon be a lot more expensive. But while brands...

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