Donald Trump news and archive

Trump's proposed tariffs could change American retail

Stories of retailers bulk buying and allocating greater resources to acquire immediate stock, are just some of the conversations the fashion industry is having in the wake of Donald Trump’s re-election as president and expectations of increased tariffs. With Mr Trump having previously warned he may levy a 60 percent tariff on imported goods from...

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Trump is to be the next US president: What does this mean for fashion and retail?

“America has spoken,” as said by Steve Lamar, president and chief executive officer of the American Apparel and Footwear Association (AAFA). Donald Trump is to return to the White House to serve as the 47th US president, while his Republican party has also won control of the Senate. With dozens of races still to be called, meaning power over the...

Business

Adidas and Puma suffer from tariff fears due to Trump's election victory

Investors avoided shares in sportswear manufacturers Adidas and Puma on Wednesday. While Puma still had quarterly figures to process, the prospect of Donald Trump returning to the White House was seen as a particular burden. According to surveys and forecasts by American media, the Republican has won the presidential election in the US. Adidas...

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Should Trump's re-election worry the fashion industry?

Donald Trump is once again the US President. Associations and experts fear negative consequences for Europe's economy due to his re-election. His campaign promises, especially regarding higher tariffs on imports, are causing concern for fashion companies. At a glance • Trump's re-election as US President has raised concerns among European...

Fashion

Donald Trump launches sneaker line after record fine

Former US President Donald Trump has turned to fashion capitalism to potentially cover the mounting legal fees and fines following a New York judge's ruling that he must pay 364 million dollars for obscuring his true wealth. Launching a sneaker named Never Surrender, Trump's high-top style is adorned with a red sole, gold leather body featuring...

Fashion Featured

US designer Sterling Ruby calls for the end of Trump 'tyranny' in SS21 film

A Paris fashion week show has called for the end to the "tyranny" of US President Donald Trump. American artist Sterling Ruby compared Trump to the racist Ku Klux Klan in his women's Paris show called "Veil Flag", in which a black model was draped in a distressed denim version of the Stars and Stripes. Ruby's streetwear brand, S.R. Studio. LA....

Fashion

Fashion and retail industries react to new China tariffs

The fashion and retail industries has reacted to Donald Trump’s announcement on Thursday that he planned to impose a 10 percent tariff on the remaining 300 billion dollars of imports from China beginning 1 September, 2019. The American Apparel & Footwear Association condemned the President’s decision, describing additional costs for “...

Business

Columbia Sportswear CEO blasts Trump’s proposed China tariffs

Columbia Sportswear Company CEO Tim Boyle has voiced his concerns about Donald Trump’s proposed tariffs on imported goods from China beginning September, calling it a “massive tax on employers and consumers, not on China.” President Trump took to Twitter on Thursday to announce that a 10 percent tariff would be imposed on the remaining 300...

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Ivanka Trump ends namesake label

Ivanka Trump, fashion entrepreneur and First Daughter of the United States, will be shutting down her eponymous label. The news was first reported by The Wall Street Journal. Trump originally stepped away from the brand in January 2017 when her father, Donald Trump, was set to become President of the United States. Prior to the negative...

Business

New EU tariffs targets US fashion imports

The European Union's retaliatory tariffs on US imports have come into force, including 25 percent duty on various fashion items including denim and cotton clothing, as part of the escalating trade war with the US following Donald Trump imposing tariffs on steel and aluminium imports from the EU. The new tariffs from the EU will hit a range of...

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Made-in-USA apparel machinery spared from Trump's tariffs

As Donald Trump proceeds with his potential trade war with China after the 50 billion dollars in tariffs he slapped on them, the U.S. apparel and manufacturing industry is breathing a sigh of relief because thankfully the actual shirts and shoes imported from China won't be subject to the tariffs. However, that doesn't mean economists and...

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Ivanka Trump wins 13 trademarks in China

The first daughter of the United States role in the White House has been a turbulent one to say the least, however, all is not lost for Ivanka Trump it seems. She recently won 13 new trademarks in China over the last three months for items including everything from books to pillows as reported by Fortune. An additional eight trademarks have...