Tariffs news and archive

How the US 25 percent trade tariff increase could hit EU and UK fashion

The United States announced recently that it would apply a tariff increase of 25 percent on goods from three European countries, as well as the United Kingdom, Turkey and India. The measure was soon suspended to allow for international negotiations to proceed. The 25 percent tariff increase was announced in response to the EU’s decision to apply...

9 Jun 2021

Business

US imposes retaliatory tariffs on UK and EU products, including luxury brands

Fashion companies may have little to do with Airbus and aviation, but tariffs imposed by the US Trade Representative (USTR) effective September 1st will see retaliatory tariffs of 25 percent on goods including tailoring, wool, cashmere and linen homeware. Walpole, the trade body representing British luxury companies, said Washington had...

14 Aug 2020

Business

Savile Row hit hard by US tariff increase

35 milion pounds of fashion and textile exports from the UK will be subject tonew tariffsnext week. To put this in perspective, figures form the UK Fashion and Textile Association (UKFT) show approximately 23 percent of exports from British luxury brands in 2017 were shipped to America. The 25 percent tariffs come at a time when a no deal Brexit...

10 Oct 2019

Fashion

Made-in-UK clothing to be hit by 25 percent US tarrifs

Made-in-UK clothing, including sweaters, pullovers, and cashmere and wool items, will be subject to 25 percent tariffs when sold in the US market, effective 18 October. The World Trade Organisation (WTO) ruled on Wednesday that the US could impose tariffs on 7.5 billion dollars (6.1 billion pounds) worth of European goods. It is the largest...

4 Oct 2019

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 “...

2 Aug 2019

Business

U.S. – China tariff war ramps up this week

Relations between China and the U.S. continue to worsen, with a new round of tariffs on each other’s goods kicking off this Monday. “We don’t want to, but we probably will have no choice,” U.S. President Donald Trump said of the tariff escalation at the Oval Office last week, reported ‘Bloomberg News’. “We’re making a lot of headway with China,”...

24 Sep 2018

Business

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...

18 Jun 2018