US President Donald Trump raises his fist upon arrival at the White House in Washington, DC, on August 3, 2025 after spending the weekend at his Bedminster residence. Mandel Ngan | Afp | Getty Images Tensions and fears are running high in Switzerland, as the deadline to strike a trade agreement with the U.S. looms…
America’s trade policies—and the uncertainty surrounding the forthcoming tariffs—are by far the biggest anxiety drivers keeping fashion executives tossing and turning each night. That’s according to the U.S. Fashion Industry Association’s (USFIA) 2025 benchmarking study, released this week. Of 25 leading apparel brands and retailers (most with 1,000 or more employees) surveyed from April through…
TOKYO — South Korean stocks fell sharply on Friday, recording their biggest percentage decline in four months due to investor concerns about the downsides of the country’s trade deal with the U.S. and disappointment over a domestic tax reform plan. The benchmark KOSPI extended its losses from the previous day and closed down 3.9%, marking its biggest…
Another day, another deadline and another trade curveball from U.S. President Donald Trump just before the buzzer. The tariff deadline was set for August 1. Markets were watching. Countries were calculating. And then, right before midnight, came another announcement: 40% tariffs on transshipped goods, new rates for dozens of nations, and yet another reshuffling of Trump’s trade playbook. All…
Canada ‘disappointed’ by U.S. hiking tariffs, Prime Minister Mark Carney says Canadian Prime Minister Mark Carney said the U.S. increasing tariffs to 35% on the country had “disappointed” its government. The duties have already come into effect and are the latest escalation in the months-long U.S.-Canada trade conflict. “While we will continue to negotiate with…
President Donald Trump‘s simmering trade feud with India, a key U.S. economic and defense partner, has raised fears that New Delhi could be pushed deeper into Russia and China’s orbit. Trump imposed a 25-percent tariff of all Indian goods coming into the United States from August 1 as well as an unspecified extra penalty for…
U.S. President Donald Trump calls on a reporter during a meeting with Philippine President Ferdinand Marcos Jr. in the Oval Office at the White House on July 22, 2025, in Washington, D.C. Chip Somodevilla | Getty Images News | Getty Images Come Friday, the world will have to contend with higher tariff rates from the…
US President Donald Trump shakes hands with Indian Prime Minister Narendra Modi in the Oval Office of the White House in Washington, DC, on Feb. 13, 2025. Jim Watson | AFP | Getty Images In the frenzied run-up to Friday, August 1— the day when U.S. President Donald Trump’s new tariffs come into effect (no…
Commerce Secretary Howard Lutnick insisted Tuesday that President Donald Trump‘s upcoming Friday deadline to impose major tariffs on a slew of trading partners won’t be delayed any further. But trade negotiations with China — the latest round of which are currently taking place in Stockholm, Sweden — are progressing on a separate timeline, Lutnick noted…
Dowell | Moment | Getty Images President Donald Trump‘s blanket tariffs scheduled to begin on Aug. 1 could soon bring higher prices on certain foods, according to some experts. Tariffs are a tax imposed by foreign nations, paid by domestic companies that import goods or services. U.S. consumers are expected to pay higher prices via…