Imports news and archive

BCC warns removal of ‘de minimis’ could increase prices

The British Chambers of Commerce (BCC), which represents more than 50,000 businesses across the UK, have warned that the removal of tariff exemptions for low-value imports could push up prices and reduce trade for small businesses. In a statement, the BCC said that the removal of the ‘de minimis’ exemption for imported goods, which is currently...

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By summer coronavirus will cause sourcing problems in fashion

German exports are growing internationally, but the coronavirus is dampening the mood within the fashion industry. Sourcing bottlenecks in China are causing delivery delays and delivery dates are being postponed. Until summer, the whole supply chain will work relatively normal, but the autumn/winter 2020/21 season will be fully affected by the...

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Business

No-deal Brexit could drive cost of Europe-made clothes up 11.5 percent

The cost of clothing made in Europe and being sold in the UK could increase by 11.5 percent if the country crashes out of the EU without a deal later this year, new research suggests. According to personal finance website NimbleFins, the price hike - which could also see EU Footwear prices rise by 4.1 percent - would be due to imports being...