tariff

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.

This week, President Trump’s tariff on Switzerland went into effect, landing levies of 39 percent on every watch the country exports to the US. For some Swiss watchmakers, the threat is existential.

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.

Swatch Group CEO Nick Hayek has front-loaded shipments to the US, is targeting American shoppers as they travel abroad and has raised its prices as it grapples with a new 39 percent US tariff on Swiss-made products.

This week’s round-up of global markets fashion business news also features ultra-fast-fashion brands in Mexico, China’s JD.com and the latest US tariffs on India, Bangladesh and Cambodia.

Japan’s largest beauty conglomerate has had a difficult time adjusting to the shifting cosmetics market, prompting a series of pivots and restructurings. Moving forward may require breaking with past mistakes.