US news and archive

Trump wants 50 percent tariffs on EU goods from June

In a trade dispute with the European Union, US president Donald Trump advocated for punitive tariffs of 50 percent. He wrote on his online platform, Truth Social, that this levy for goods from the EU should come into effect on June 1. “There are no tariffs if the product is built or manufactured in the US,” he added. Trump wrote that ongoing...

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Inditex: How Trump’s current ‘asymmetric tariffs’ could impact the Spanish mulitnational

Madrid – Of all the possible scenarios, the one emerging from this “pause” of 90 days decreed by US President Donald Trump regarding the new tariff policy of the US, with its “asymmetric tariffs” for China and the EU, appears to be the worst, most unfavourable, and most challenging for the interests of Inditex. What are the reasons? Let's take a...

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EU Postpones retaliatory tariffs on US products until mid-July

In the trade dispute with the US, the EU suspended the application of planned special tariffs on US products until July 14. With the corresponding publication in the EU Official Journal, the EU is implementing an announcement by European Commission President Ursula von der Leyen. She announced last week that the measure, which was originally...

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US blocks imports of cotton and textiles from Xinjiang

US Customs will block certain products from Xinjiang because Washington believes they were made in the Chinese autonomous region with the help of slave labour. This is a “modern form of slavery,” said the Ministry of Homeland Security on Monday. The US Government accused China of curtailing human and civil liberties and using forced labour to...

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G-III Apparel acquires 19 percent stake in Karl Lagerfeld Group

German designer Karl Lagerfeld has welcomed a new investor for his eponymous fashion house, namely G-III Apparel Group. The group, who acted as Lagerfeld’s joint-venture partner for his entry into the US, has acquired a 19 percent stake in Karl Lagerfeld Group through a capital increase, reported Women’s Wear Daily (WWD). The investment will...