The Ethiopian economy will be the one with the biggest rise in the next two years in the sub-Saharan Africa, according to the International Monetary Fund (IMF).
The global market of cotton and polyester has been in the middle of the trade war between China and United States during the last year.
The measure, that will become effective in September, adds to the 25% rate applied in May. Amongst the more affected is the sportswear industry.
Fashion retail in the eurozone reinforces its numbers after dropping 2.4% in May according to reports published by statistics agency, Eurostat.
News on the latest macroeconomic indicators related to the textile- and fashion industry worldwide.