Trade War news and archive

Apparel and footwear industry encouraged by news of trade war truce

(WASHINGTON, D.C.) – December 2, 2018 – American Apparel & Footwear Association President and CEO Rick Helfenbein said that AAFA is encouraged by the news of a 90-day cease fire in the U.S.-China trade war – following the meeting between President Trump and President Xi on the sidelines of the G20 in Argentina on Saturday. “The resumption of...

Report

China's ultra wealthy buffeted as trade war bites

China's ultra wealthy saw their ranks thinned this year as the trade war with the US pummelled stocks and shredded billions of dollars of paper wealth, a survey showed Wednesday. The number of Chinese, or China-based magnates, with a net worth over 2 billion yuan (290 million USD) fell by 237 to 1,893 individuals this year, according to the...

Retail

Will luxury stocks be safe from trade wars?

As new global alliances are being formed, others are radically being eliminated, and markets are readying themselves for turbulent times when it comes to fashion exports. With the threat of increased tariffs between formally friendly trading partners the stock market is responding to all kinds of possible scenarios. But not every fashion company...

Management |BUSINESS & OPINION Featured

Everyone Loses in a Tariff War

As of June 22, 2018, the European Commission imposed temporary twenty-five percent ad valorem tariffs on certain goods originating in the United States and imported into the European Union. The list of goods affected by these tariffs includes cosmetic preparations, t-shirts, trousers, denim, and footwear, among others. This measure was in direct...

Business

Alibaba's Jack Ma says trade war endangers job pledge

Alibaba founder Jack Ma said a China-US trade war could endanger his pledge to create 1 million US jobs, state media reported Tuesday, as China and the US lock horns over trade. The billionaire made the headline-grabbing promise to Donald Trump at Trump tower last year as Beijing worked to woo the newly elected president, known for his...