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EU presents new list of retaliatory tariffs after Trump's letter

Following US President Donald Trump's new tariff announcements, the EU is preparing additional retaliatory tariffs on 72 billion euros worth of imports from the US. This was announced by the relevant EU Commissioner, Maros Sefcovic, after a meeting of trade ministers in Brussels. The preparations for the countermeasures involve a list of...

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Trump announces 30 percent tariffs on EU imports

US president Donald Trump intends to impose a 30 percent tariff on imports from the EU from August 1, 2025. The Republican announced this on his platform Truth Social. In a published letter to European Commission president Ursula von der Leyen, Trump threatened further tariff increases in the event of countermeasures. Mexico also received a...

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Shein slapped with high fines in California, France

Chinese ultra-fast fashion giant Shein needs to have deep pockets these days, given that the global e-commerce company is being slapped with fines in two countries at the moment. Shein just settled a consumer protection lawsuit in the United States, in California’s Napa, Los Angeles, San Francisco and Sonoma counties, and agreed to pay 700,000...

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Mulberry secures 20 million pound fundraising as full year sales take hit

Mulberry has confirmed a 20 million pound fundraising and Retail Offer as sales for the British accessory brand continued to slip in fiscal year 2025. The company conducted the fundraising by way of subscriptions for 20 million new convertible loan notes of one pound each, backed by its two major shareholders, Chalice Limited and Frasers Group....

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