The United States did the first move and imposed tariffs worth 50 billion dollars to Chinese imports. China’s response was to apply rates of 25%.
The European Union (EU) continues to search for allies globally to promote trade exchanges. This month, Brussels started negotiations with Canberra aiming to ink a free trade agreement with Australia and New Zealand.
It’s expected that the worldwide business for luxury products and services will range between 276 billion and 281 billion euros, according to updated data by the Altagamma Worldwide Market Monitor and by the Bain&Company study.
The country moves forward in international trade and lowers tariffs on the importation of certain products, including clothing, footwear and cosmetics.
News on the latest macroeconomic indicators related to the textile- and fashion industry worldwide.