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“Setback by 50 years” - European fashion industry reacts to impending “Greenland tariffs”

As if the European fashion industry did not have enough on its plate already in view of rapid geopolitical shifts, impending regulation and environmental unpredictability, US president Donald Trump added to its woes this weekend: Eight countries supporting Greenland’s sovereignty - Denmark, Finland, France, Germany, the Netherlands, Norway,...

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Brazilian government responds to US tariffs with new economic measures

One week after the United States imposed a 50 percent surcharge on products imported from Brazil, the Brazilian government announced the "Brasil Soberano" Provisional Measure. The announcement, made on the morning of Wednesday, August 13, at the Planalto Palace in Brasília, was attended by President Lula, ministers, heads of the Chamber and...

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Global apparel exports: EU displaces China from top spot

For the first time since 2005, China was not the world's leading apparel exporter last year. This is according to a report by the trade magazine “The Spin Off”, which refers to current data from the World Trade Organization (WTO). According to the report, European Union (EU) member states exported apparel worth a total of 166 billion dollars in...

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EU presents new list of retaliatory tariffs after Trump's letter

Following US President Donald Trump's new tariff announcements, the EU is preparing additional retaliatory tariffs on 72 billion euros worth of imports from the US. This was announced by the relevant EU Commissioner, Maros Sefcovic, after a meeting of trade ministers in Brussels. The preparations for the countermeasures involve a list of...

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Study: Branded clothing sector contributes almost 332 billion euros to EU economy

A study released by the European Branded Clothing Association (EBCA) today presents new findings from Oxford Economics, which reveals that the European branded clothing sector contributes 331.8 billion euros to the EU’s GDP annually, which is nearly 2 percent of the total EU economy. It also highlights the sector’s role in driving jobs, trade...

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Textile crisis between India and Bangladesh: Inside a logistical lockdown

By blocking imports of Bangladeshi garments via land, India is indirectly closing off its neighbour’s access to its ports and airports, which are essential for its global exports. The decision appears to be a form of diplomatic retaliation. On May 17, 2025, India announced the suspension of several Bangladeshi imports via its land border posts,...

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International Apparel Federation: ‘Import Duties are Threat to Entire Industries’

The International Apparel Federation (IAF) stated that the import duties implemented by the United States pose a direct threat to entire industries. In a statement, the federation wrote that there is a risk of destabilising economies and that the duties jeopardise the livelihoods of countless employees and entrepreneurs in the clothing industry....

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Euratex signs strategic partnership with Tunisian textile federation

European industry organisation Euratex is strengthening its collaboration with the Fédération Tunisienne du Textile et de l’Habillement (FTTH). According to a press release, the strategic partnership between Euratex and the Tunisian textile federation should strengthen industrial cooperation between the two parties. Euratex indicates that it...

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Trump's tariffs spark "Buy Canadian" movement

As geopolitical tensions flare and protectionist policies return to the global stage, Canadian fashion and beauty brands find themselves caught in the crosshairs of the latest US tariff increase. President Donald Trump's newly imposed 25 percent tariff on Canadian goods, a move that could have significant implications for cross-border trade...

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Tensions on the Red Sea and in transport: Fashion is one of the most affected sectors

The cost of rent has doubled and transport times have increased considerably. The tensions surrounding the Red Sea in connection with the attacks by the Houthi Rebels are having an impact on the national and European economic system. A survey by the Italian business association Confcommercio has highlighted the impact of the crisis in the Red...

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Swiss watch exports recorded their best-ever performance

Demand for Swiss luxury watches has seen the sector record its best-ever performance. Citing a growth of 10.9 percent over 2021, November sales topped 2.4 billion francs, contributing to a stellar earnings year so far. Total exports for the year to date is 22,8 billion francs, up 11.9 percent over last year. Data from the Federation of the Swiss...

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Global demand for Chinese made fashion soars

Global demand for Chinese-made clothing surged in the first four months of the year, with a total valuation of 44.41 billion dollars exported. The data was shared by the General Administration of Customs of China, which said demand was up 51.7 percent over the same period last year. Exports surged to 44 billion dollars From January to April,...