USA news and archive

Misinformation casts shadow on US-China trade truce

From false claims of Americans panic-buying Chinese goods to bot-driven attacks on US brands, a tide of misinformation is casting a shadow over a temporary trade truce between Washington and Beijing. The world's two biggest economies agreed earlier this month to pause reciprocal tariffs for 90 days, a surprise de-escalation in their bitter trade...

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US inflation falls unexpectedly

Inflation in the US unexpectedly weakened further. Consumer prices in April rose 2.3 percent year-on-year, according to the Labour Department in Washington. In March, the inflation rate was 2.4 percent. This is the third consecutive decline in inflation, after it started the year at 3.0 percent in January. Economists had expected stagnation in...

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Trump maringally lowers US tariff barrier for Temu and co.

Even after the temporary easing of the trade dispute, Donald Trump continued to make business difficult in the US for Chinese online retailers like Temu and Shein. Until recently, they benefited from the fact that goods deliveries with a value of less than 800 dollars were exempt from tariffs. Since the beginning of May, however, a tariff of 120...

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Wall Street opens with strong gains due to US-China trade truce

Washington – The New York Stock Exchange opened this Monday with pronounced gains after the US and China announced the suspension for 90 days of most of the mutual tariffs, in a de-escalation of the trade war launched by Donald Trump. Around 1.50pm GMT, the Dow Jones was up by 2.47 percent, the Nasdaq index increased by 3.47 percent and the...

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China and US lower mutual tariffs

China and the United States have agreed to reduce their mutual tariffs in the ongoing trade dispute. According to a joint statement, the measure will be temporarily in effect for 90 days. The news triggered strong gains on international stock markets, but the euro against the US dollar came under pressure. Accordingly, US tariffs on Chinese...

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UK and US strike up trade deal: What to know

The US and the UK have struck up a trade agreement during what government officials say is a “historic day” that aims to “boost trade between and across our countries”. In the Oval Office, US president Donald Trump was joined via phone by UK prime minister Keir Starmer for a press conference announcing the new deal. With it, according to Trump,...

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Trump announces ‘significant’ trade agreement

US President Donald Trump announced a “significant” trade agreement with a “large and highly respected country”. He announced via his online platform, Truth Social, that there would be a press conference on Thursday morning (local time). The Republican did not disclose which country it was, but reports suggest it is the UK. A British government...

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The White House sharply criticises Amazon

The White House on Tuesday slammed Amazon over reports it would soon tell consumers how much US President Donald Trump's tariffs have contributed to the price tag on its goods. "This is a hostile and political act by Amazon," Press Secretary Karoline Leavitt told reporters during a briefing in Washington. "Why didn't Amazon do this when the...

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DHL resumes delivery of certain parcels in the US

The logistics group DHL is ending a delivery stop in the US that applied to valuable parcels. The company, based in Bonn, announced that there had been constructive discussions with the US customs authorities and other agencies to optimise customs regulations. This concerned parcels whose value exceeds 800 dollars and are intended for private...

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Trump bumps up tariffs on Chinese imports to 245 percent

US president Donald Trump has once again bumped up tariffs on Chinese imports. In the latest update from the White House, the Trump administration now said “China faces up to a 245 percent tariff on imports to the US as a result of its retaliatory actions”. This includes a 125 percent reciprocal tariff, a 20 percent tariff to address the...

Fashion

Uniform-inspired womenswear: Batakovic brings Belgrade chic to New York

Batakovic Belgrade focuses on uniform-inspired womenswear and fabrics from Loro Piana. With this, the Serbian luxury brand now wants to inspire New Yorkers as well. The brand plays with various uniforms that founder Ivana Batakovic has always been fascinated by, she says in an interview with FashionUnited. She translates the associated aura of...

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What do the European import tariffs on American products mean for the fashion industry?

Trade relations between the European Union and the US have become more complex since President Donald Trump re-launched import tariffs. In retaliation, on March 12, the EU launched its own import tariffs to protect European businesses, workers, and consumers from the consequences of unjustified trade restrictions. These so-called ‘retaliatory...