The Trump administration’s game of tariff red-light, green-light isn’t over yet. On Monday, US President Donald Trump issued an executive order once again pushing back duties scheduled to go into effect on Wednesday until Aug. 1. The move gives officials three more weeks to negotiate permanent agreements with a host of countries that were slapped…
Please log in to ensure you can read our agenda-setting intelligence, analysis and advice. Or get in touch at support@businessoffashion.com if you experience difficulties. When Donald Trump announced tariffs of up to 145 percent on US imports back in April, global brands reeled. The US president then paused the scheme following financial market turmoil, reverting…
From steel mills to display panel factories, Chinese companies are rapidly integrating artificial intelligence (AI) into traditional industries, marking a major shift toward intelligent, digital manufacturing. Leading the transformation is Shougang Group, one of China’s largest steelmakers, which has deployed an AI-powered visual system that boosted production efficiency by over 20% and cut defects by…
The United States will place a lower-than-promised 20 percent tariff on many Vietnamese exports, President Donald Trump has said, cooling tensions with its 10th-biggest trading partner days before he could raise levies on most imports. Vietnamese goods will now face a 20 percent tariff, and any transshipments from third countries through Vietnam will face a…
Other carmakers including Volvo and Rivian reported a drop in sales on Wednesday. Tesla has reported another hefty drop in auto sales extending a difficult period amid intensifying electric vehicle competition and backlash over CEO Elon Musk’s political activities. On Wednesday, the electric vehicle (EV) maker reported 384,122 deliveries in the second quarter, representing a…
On Saturday, as legislators began to digest the new text, Senator Brian Schatz declared on X not once, not twice, but three times that with the new penalty, this bill would on its own “kill” the U.S. solar energy industry, leading to energy shortages and raising costs across the board. “I promise you,” he wrote,…
Nike has said it will cut its reliance on production in China for the United States market to mitigate the impact from US tariffs on imports, and forecast a smaller-than-expected drop in first-quarter revenue. The sportswear giant’s shares zoomed 15 percent at the opening bell on Friday morning after it announced the change in conjunction…
The United States has reached an agreement with China on accelerating shipments of rare earth minerals to the US, amid efforts to end a trade war between the world’s two biggest economies. US President Donald Trump said on Thursday that the US had signed a deal with China the previous day, without providing more details,…
Trump Mobile has quietly stopped claiming its forthcoming phone will be made in the U.S. The company now uses more vague language in its marketing. It has also reduced the technical specs for the phone and stopped offering a specific date for the launch of its service. When the Trump Organization announced its cellular brand…
Battery developer QuantumScape (QS) announced a breakthrough in its process for manufacturing solid-state lithium-metal batteries, sending the stock more than 32% higher in early afternoon trading on Wednesday. QuantumScape is one of several companies racing to commercialize next-generation batteries for electric vehicles and other uses. On Tuesday, the US-based startup said it had successfully made…