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US President Donald Trump suspends Greenland tariffs

MADRID – Amid the volatile and unpredictable trade strategy defining the current U.S. administration, President Donald J. Trump has announced the suspension of the so-called “Greenland tariffs.” The decision was shared late Wednesday afternoon, following the President's address at the 2026 World Economic Forum in Davos. Utilizing his social...

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“Setback by 50 years” - European fashion industry reacts to impending “Greenland tariffs”

As if the European fashion industry did not have enough on its plate already in view of rapid geopolitical shifts, impending regulation and environmental unpredictability, US president Donald Trump added to its woes this weekend: Eight countries supporting Greenland’s sovereignty - Denmark, Finland, France, Germany, the Netherlands, Norway,...

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Why fashion companies are suing over Trump tariffs ahead of Supreme Court ruling

As the US Supreme Court prepares to rule on the legality of President Donald Trump’s sweeping tariffs, a significant legal mobilisation is underway across global fashion businesses and supply chains. According to Bloomberg reporting, more than a thousand companies have now entered the courts, positioning themselves for what could become one of...

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Vietnam: growth accelerates to 8 percent in 2025 despite US tariffs

Vietnam reported an 8 percent growth in its gross domestic product (GDP) for 2025 on Monday, driven by services, construction and exports, despite the impact of US tariffs. “The 2025 GDP is expected to post significant growth, estimated at 8.02 percent compared to the previous year,” the Statistics Bureau said in a statement. For several years,...

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China eases tariffs on certain textile and leather products

The Chinese government has introduced a reduction to tariffs on certain raw materials, including strategic inputs for textiles and leather, as it looks to bolster its position as a key sourcing hub. The new plan, which came into effect January 1, 2026, was approved by the Customs Tariff Commission of the State Council and published by China’s...

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Swiss watchmakers halt US shipments awaiting lower tariffs

Zurich, Switzerland – Swiss watch exports to the US plummeted again in November, as manufacturers delayed shipments in anticipation of a tariff reduction to 15 percent. According to data from the watchmaking federation published on Thursday, exports to the US fell by 52.3 percent in November. This follows declines of 46.8 percent in October,...

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US to reinstate duty-free benefits for Guatemala and El Salvador imports

The US government has confirmed plans to reinstate duty-free treatment for qualified textile and apparel goods from Guatemala and El Salvador as part of the Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR). In order to reestablish the agreement, both regions were required to commit to a number of changes regarding...

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US government suspends additional tariffs on China until end of 2026

The US will not implement its threatened retaliatory tariffs on Chinese imports until at least November 10, 2026. This is according to a White House summary of the results of the meeting between US president Donald Trump and Chinese president Xi Jinping in South Korea. The current retaliatory tariff of 10 percent will remain in effect, the US...

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Following meeting with Trump: Xi warns of disrupted supply chains

Following a meeting with US president Donald Trump, China's head of state and party, Xi Jinping, has warned of a breakdown in supply chains. To drive economic growth, the stability of industrial and supply chains must be guaranteed, Xi said at the summit of heads of state and government of the Asia-Pacific Economic Cooperation (APEC) in...

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Bjørn Gulden details Adidas's turnaround amidst tariff headwinds

Sportswear group Adidas has managed to somewhat limit the impact of US tariffs on its international business. For the current year, CEO Bjørn Gulden now only expects losses of around 120 million euros. Previously, the German company had anticipated a negative impact of 200 million euros. The majority of this will be incurred in the fourth...

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Trump: new tariff on Chinese imports is economically untenable

According to US President Donald Trump, the new tariffs he has threatened against China are economically unsustainable. When asked if the cumulative total tariff rate of 157 percent is sustainable for the economy and what it would mean, he said: “That is not sustainable, but that is the figure.” Trump continued in an interview with US television...

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US tariffs spark concern in India's textile capital

Tiruppur, India - The roar of sewing machines has given way to an unusual quiet in the textile factories of Tiruppur, in southeastern India. Since the tariffs on Indian exports was imposed by Donald Trump at the end of August, most have been operating at a reduced capacity. “US orders are almost at a standstill,” notes a disappointed Ramesh...