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EU parliament halts implementation of customs deal with US

The European Parliament has formally suspended the implementation of the customs agreement between the US and the EU. The background to this is the new tariffs announced by US President Donald Trump, according to the chairman of the trade committee, Bernd Lange (SPD). “We want a clear assurance from the United States that they will adhere to the...

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Business

Stocks diverge, dollar down over Trump tariffs uncertainty

Global equities traded mixed and the dollar fell slightly Monday as uncertainty over Donald Trump's tariffs gripped markets after the US Supreme Court struck down a large part of the president's upending trade policy. The court on Friday ruled that Trump does not have the authority to impose tariffs under a 1977 law he has relied on to impose...

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How US trade organisations responded to the Supreme Court’s decision on tariffs

On Friday, the US Supreme Court overruled Donald Trump’s tariffs, determining that the president had wrongfully invoked the International Emergency Economic Powers Act (IEEPA) to impose levies. The region’s trade organisations swiftly responded to the ruling, largely expressing support for the court’s decision, many grateful for the stability...

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Trump's tariff defeat, new tariffs: EU assesses consequences

Following the US Supreme Court's decision against president Donald Trump's tariff policy, the EU and other countries are attempting to assess the precise consequences for the global economy. A special session of the legal service and the negotiating team, which was responsible for a customs agreement between the US and the EU, is scheduled for...

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Dispute over tariffs: defeat for Trump before Supreme Court

US president Donald Trump has suffered a defeat before the Supreme Court in the dispute over his aggressive tariff policy. The US Supreme Court ruled that Trump exceeded his authority when he invoked an emergency law to impose extensive tariffs on many trading partners, including the European Union. This article was translated to English using...

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What do the election results mean for Bangladesh’s garment and textile sector?

Following the unprecedented unrest of late 2024 and the subsequent interim administration, Bangladesh voted last Thursday and declared results on Friday: The BNP-led alliance won 209 seats and the Jamaat-led bloc secured 68 in the 297 constituencies for which results were declared. For the ready-made garment (RMG) sector—the very heartbeat of...

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Fairs|In-depth

Turkish fashion industry showcases its strength (and fears) at new edition of IFCO: “We are Europe’s reliable partner”

At the invitation of the event's organisers, FashionUnited travelled to Turkey last week to attend the ninth edition of Istanbul Fashion Connection (IFCO). This international trade fair brings together all the key players in the Turkish fashion industry. The latest edition was marked by growing political and trade tensions that are shaking up...

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A sigh of relief: What the US-India trade deal means for the textile and garment industry

Not even two months in, and the year 2026 already seems to be a promising one for trade deals. After the ink is barely dry on what observers have called the “mother of all trade deals” - the free trade agreement between the European Union and India signed on 27th January - another one is taking centre stage. Indian prime minister Narendra Modi...

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Swiss watch exports contract by 1.7 percent in 2025

Zurich - Hit by US tariffs, Swiss watch exports contracted by 1.7 percent in 2025 despite a rebound in December, according to statistics published on Thursday by the Swedish watch federation. In 2025, Swiss watch exports amounted to 25.6 billion francs (33.32 billion dollars). This marked a decline for the second consecutive year, following a...

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Business|Opinion

How the India-EU FTA will level the playing field for the textile and apparel industry

For many garment industry insiders who have navigated the ebb and flow of global supply chains for years, witnessing the formal signing of the India-EU Free Trade Agreement (FTA) on 27th January 2026 seems like the dawn of a new era. For decades, Indian exporters felt as if one hand was tied behind their backs as they faced stiff tariffs while...

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Retail

Textile sector set for major gains under new EU-India trade deal

After almost 20 years of intermittent negotiations, the free trade agreement (FTA) between the European Union (EU) and India has been finalised. On January 27, 2026, in New Delhi, European Commission president Ursula von der Leyen, president of the European Council António Costa and Indian Prime Minister Narendra Modi sealed what observers are...

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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...