Trump tariffs
US imposes additional 50% tariffs on selected Canadian imports
The United States has announced an additional 50% tariff on selected Canadian imports worth almost 20 billion US dollars. The new tariffs are set to take effect on the 19th of August
US introduces new tariffs on imports from 60 trading partners
New tariffs of 10% to 12.5% have been introduced by the Trump administration on imports from 60 trading partners under Section 301 of the Trade Act of 1974, replacing temporary duties that expired on 24 July
US imposes 25% tariffs on Brazilian goods, raising concerns in the footwear industry
The US will impose a 25% tariff on several Brazilian goods, including footwear, from the 22nd of July, following a year-long investigation into trade practices the US administration considers to be unfair
China remains top US footwear supplier but market share hits 35-year low
China remained the largest supplier of footwear to the US in 2025, despite its market share falling to 35-year lows in both value and volume, according to the FDRA
US import cargo volume expected to decline in the first half
Amid tariff uncertainty, US import cargo volumes are expected to fall in the first half of 2026. The potential impact of tensions with Iran on shipping remains unclear
Trump’s trade halt threat raises concerns for the Spanish footwear industry
Amid heightened international tensions, the Spanish Footwear Industry Federation (FICE) has expressed concern following Trump’s threat to halt trade with Spain over military base access
New 10% tariff introduced by Trump takes effect
Despite a claim to introduce them at a higher rate, a new 10% global tariff on goods imported into the US announced by the White House is now in effect
US Supreme Court rules against Trump’s emergency tariffs
The US Supreme Court has ruled against former President Donald Trump’s use of emergency powers to impose sweeping tariffs. This has prompted reactions from US retail groups and international industry stakeholders
US House votes to scrap Trump’s tariffs on Canada
In a rare bipartisan rebuke, the US House of Representatives voted to revoke President Donald Trump’s tariffs on Canadian goods, although this is largely a symbolic gesture
US and India reach deal to reduce tariffs to 18%
US President Donald Trump announced a trade deal with India, which will see tariffs on Indian goods cut from from 50% to 18%, linking the move to India halting Russian oil purchases and lowering trade barriers
Trump backs down on Greenland tariff threat
The US has cancelled its threat to impose tariffs on eight European countries in an effort to push for US control of Greenland, following talks with NATO Secretary General Mark Rutte
US threatens tariff hikes on eight European countries over Greenland dispute
President Donald Trump announced that the US plans to impose additional tariffs on imports from eight European countries, citing a dispute over Greenland as the reason
US Retail: recovery gains ground amid ongoing pressures
Clothing and footwear sales have improved since January, with the latter already exceeding last year’s figures, but overall retail remains slightly below 2024’s levels. Although holiday forecasts point to moderate growth, rising inflation, falling consumer confidence and shifting interest rates suggest an economically fragile backdrop. Trade pressures are also having an impact on the sector: the value of footwear imports increased, but their volume fell, suggesting that retailers are absorbing higher costs through surgical price increases. A one-year suspension of additional tariffs on Chinese footwear provides temporary relief, but economic uncertainty persists
Global fashion braces for a challenging 2026
According to the latest State of Fashion report, 46% of executives expect industry conditions to worsen in 2026. Tariff pressures and shifting consumer behaviour are key concerns, while artificial intelligence is seen as a major opportunity
US and China agree to tariff truce, pausing trade war escalation
In their first in-person meeting in six years, US President Donald Trump and Chinese President Xi Jinping reached a trade truce, halting the recent escalation of the trade war over rare earth elements-
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