Donald Trump

The plastic clog maker’s share price is down nearly 30 percent — its lowest level for three years — and revenues are expected to drop by at least 9 percent in the current quarter.

Trump has spent the last few months directing his ire at economic officials — first at the Fed, and now at the Bureau of Labor Statistics, which collects and reports economic data.

Had the truce not been extended through Nov. 10, US tariffs on Chinese goods would have jumped to at least 54% starting on August 12.

As US president Donald Trump’s punishing new tariffs come into force, India is working towards becoming an apparel manufacturing powerhouse despite long-standing obstacles.

The US President’s move came hours after talks between Washington and Moscow over the war in Ukraine failed to yield an immediate breakthrough.

Garment factories in Guangzhou are struggling to manage a tempest of geopolitical and economic headwinds.

From fashion to beauty, consumer goods companies are deploying a range of strategies to blunt the impact of US tariffs.

European luxury brands have relied on dramatic price increases to fuel profit growth in recent years and may have limited manoeuvring room to raise prices further.

Sweeping new tariffs are set to take effect Aug. 1. Even if last-minute deals are struck, the fallout — from rising prices to businesses exiting the US market — will be long-lasting.

Indonesia also agreed to purchase $15 billion in US energy, $4.5 billion worth of agricultural products and 50 Boeing Co. jets, “many of them 777’s,” Trump said later on social media.