China has announced countermeasures on imports from the US, which will amount to up to 34 percent. According to the Customs Commission of the State Council of China, the tariffs will go into effect on April 10. The decision is a response to the "Liberation Day" import duties announced by the US government on Wednesday. The additional tariffs led...
4 Apr 2025
US President Donald Trump signed an order Wednesday to close a duty-free exemption for small parcels from China, in a move likely to severely disrupt the import of popular low-cost products. The rule has faced heavy scrutiny as US officials pointed to the growth of Chinese-founded online retailers Shein and Temu as a factor behind a surge of...
3 Apr 2025
Spanish apparel giant Inditex has reaffirmed its commitment to China as a key market for future growth. Zara, the group's flagship brand, recently unveiled a new flagship store in Nanjing, the capital of Jiangsu province. This new location showcases latest store concept, featuring the brand's first apparel vending machines and Asia's first...
25 Mar 2025
Chinese brands have gained in popularity at home and abroad over the past years but sluggish domestic consumer spending and uncertainty amid evolving trade tensions are weighing on the outlook of China’s apparel industry. Here are eight insights about China’s clothing sector from the spring edition fashion fair Chic. 1. Sluggish consumption...
21 Mar 2025
Chinese e-commerce giant PDD Holdings announced Thursday slower revenue growth for the third quarter running, as the Temu owner confronts trade tensions between Beijing and Washington. The Shanghai-based company posted revenues of 110 billion yuan ($15 billion) in the three months to December 31, up 24 percent year-on-year. The figure was down...
20 Mar 2025
Pinko, the Italian fashion brand owned by Fidenza-based Cris Conf, has announced a strategic collaboration with Lima Commercial Management, a key player in the Chinese retail market. This move comes at a critical moment for the company, which recently entered debt restructuring negotiations following challenges in its Asian operations. Cris Conf...
20 Feb 2025
Online fashion retailer Net-a-Porter has set its deadline for its withdrawal from China. The company published a statement on its Chinese website stating that sales activities in the country via the online shop, local app and other digital platforms will be discontinued on March 20. Following that, "after-sales services" such as returns and...
18 Feb 2025
Signs of recovery in China’s luxury market are becoming increasingly clear as fashion brands report encouraging results for 2024. Moncler, the Italian luxury outerwear giant, posted annual revenues of 2.7 billion euros, reflecting an 8 percent increase at constant currency compared to 2023. The Asia-Pacific region was a key driver of this...
14 Feb 2025
US president Donald Trump brewed up what could be considered the beginning of a trade war last week when he announced a series of tariffs and impending tariffs on some of the world’s largest markets, including China. From the get-go, Trump has made it clear that the UK and the EU are also being considered in the way of tariffs, leaving many...
10 Feb 2025
Tension between the US and China in the way of global trade escalated this week after US president Donald Trump announced new tariffs of 10 percent on imports from the region. Pressure then heightened later in the week when the Trump administration announced that China would no longer be eligible to avoid such tariffs by trading under the US’ ‘...
7 Feb 2025
Puma is sourcing more and more from suppliers in countries like Indonesia and Vietnam for the US market as the trade war between China and the United States intensifies, according to Arne Freundt, CEO. The CEO of the German sportswear brand revealed in an interview with Bloomberg that it is sourcing approximately 10 percent of the footwear...
The US Postal Service (USPS) has said it is temporarily suspending inbound parcels from China and Hong Kong, evoking an angry accusation of "unreasonable suppression" from Beijing on Wednesday. The order follows US President Donald Trump's imposition of additional 10 percent tariffs on Chinese imports starting Tuesday. Minutes after they took...
5 Feb 2025