By Reuters Published July 28, 2025 France has denounced the new trade agreement between the European Union and the United States as a “submission,” even as most EU members acknowledged the deal was unequal but necessary to avoid an economically damaging trade war with Washington. French President Emmanuel Macron has remained silent on the EU–U.S….
By Reuters Published July 28, 2025 European companies were on edge Monday following the announcement of a new trade agreement between the United States and the European Union. This outcome marks the end of prolonged tariff uncertainty but introduces new cost pressures. EU–U.S. trade deal calms markets, but tariff burdens remain – Reuters The trade…
By Reuters Published July 8, 2025 Swiss watch sellers in Lucerne have endured a tough three months since U.S. President Donald Trump piled pressure on the luxury business with the threat of hefty tariffs, reducing interest from tourists who flock to the city in part to shop for watches. Rolex logo on a building in…
Translated by Nicola Mira Published July 8, 2025 On Tuesday July 8, the Vietnamese government said that Prime Minister Pham Minh Chinh and his Chinese counterpart Li Qiang have agreed to strengthen trade ties between the two countries, following a meeting held during the BRICS (Brazil, Russia, India, China and South Africa) summit in Brazil….
By Reuters Published July 6, 2025 Global investors are heading into U.S. President Donald Trump’s Wednesday deadline for trade tariffs palpably unexcited and prepared for a range of benign scenarios that they believe are already priced in. Reuters Just days before the end of a 90-day pause he announced on his April 2 “Liberation Day”…
By Reuters Published June 16, 2025 John Hamer, president of Rodgers Wade Manufacturing in Paris, Texas, makes store fixtures for big retailers like Ross Dress for Less and Ulta Beauty. Reuters He sources many of the goods from China, which until recently meant he paid 70% in tariffs on metal fixtures. “The media was saying…
By Reuters Published June 5, 2025 Lululemon Athletica cut annual profit expectations and forecast second-quarter revenue below estimates on Thursday, as consumer demand waned amid increased competition and a gradual economic slowdown triggered by uncertainty over the Trump administration’s trade policy. Lululemon Shares of the sportswear maker fell 21% in after-market trading. Although Lululemon has…
Calvin Klein owner PVH Corp. on Wednesday announced first-quarter sales beat expectations to rise 2% to $1.984 billion, thanks to growth at its Tommy Hilfiger brand. Calvin Klein The New York-based company said Calvin Klein brand sales were flat at for the three months ending May 4, outpaced by a 3% sales uptick at brother brand, Tommy…
By Reuters Published May 23, 2025 European luxury stocks declined sharply on Friday following U.S. President Donald Trump’s announcement recommending a 50% tariff on European Union goods, set to take effect on June 1. Trump’s tariffs hit European luxury industry, shares tank – Reuters The luxury sector—which includes handbags, shoes, fashion goods, and champagne—relies heavily…
Revolution Beauty Group issued a trading update for the 12 months to the end of February (FY25) on Tuesday and said revenue fell 26% during the year. Revolution Beauty And while it had expected double-digit net sales declines to continue into Q1 of FY26, driven by the remaining impact of SKU discontinuations, March and April…