All Legal & Institutional articles – Page 4
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US plans to double import tariffs on Indian goods
The US plans to double import tariffs on Indian goods to 50 percent as a punishment for buying Russian oil and thus help finance Russia’s invasion of Ukraine. In an executive order signed on Aug. 6 by US President, Donald Trump, the US plans to impose within 21 days of ...
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ArticlePortuguese shoemakers see US tariffs as an opportunity
The Portuguese footwear association Apiccaps said the US import duties announced by the US President, Donald Trump, “could be an opportunity for Portugal.” It noted that the round of tariffs released on July 31 by the US administration, and due to come into effect on Aug. 7 unless bilateral trade ...
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Armani fined for unfair commercial practices
Italy’s antitrust authority has fined Giorgio Armani and G.A. Operations 3.5 million euros for unfair commercial practices, charging that the two Italian companies had made misleading statements on their ethical and social responsibility commitments that were contradicted by the actual working conditions at the suppliers and subcontractors that produced most ...
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Trump sets tariffs for nearly 70 countries
The US President, Donald Trump, signed an executive order announcing sharp new tariffs on nearly 70 countries and the European Union, with most measures set to go into effect on Aug. 7 rather than Aug. 1, to allow US customs and border agencies implementation time. Tariff rates range from ...
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US ends de minimis exception
The US President. Donald Trump. signed an executive order to end the de minimis exception altogether – not just for China and Hong Kong. Commercial goods valued at $800 or less and shipped to the US by means other than international post are thus no longer exempt from tariffs or ...
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US plans 25% tariff for India from Aug. 1
The US President, Donald Trump, said that Indian exports to the US could face a 25 percent customs duty from Aug. 1. The Asian country could also face a penalty for buying arms and energy from Russia, helping the country finance its war against Ukraine. “Remember, while India is our ...
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Skechers rejects Kizik’s allegations of patent infringement for Slip-ins
Skechers said that it will “vigorously” defend the patent suit filed in a Texas court against it by Kizik Design, alleging that the entire line of Skechers Hands Free Slip-ins infringe Kizik’s patents. The company believes that the allegations “are baseless.” “As owners of a vast portfolio of intellectual property, ...
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ArticleUK and India sign a free trade agreement
India and the UK, estimated to respectively the 5th and 6th largest economies in the world, have signed a free trade agreement (FTA). “A new chapter begins today in the India–UK economic partnership! The signing of the Comprehensive Economic and Trade Agreement (CETA) reflects our shared commitment to enhancing trade, ...
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Injunction denied in lawsuit over 3G’s acquisition of Skechers
A California district court has denied a motion for injunction from the Key West Police Officers & Firefighters Retirement Plan to stop the acquisition of Skechers by 3G Capital Partners. The plaintiff, the court says, has failed to specify information that has not yet been supplied, regardless of Skechers’ failure ...
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US reaches trade deals with Japan, Philippines
The US and Japan have reached a trade deal, according to the US President, Donald Trump. Trump wrote on the social media platform Truth Social that Japanese imports would face a 15 percent tariff entering the US, below the 25 percent tariff he had threatened if Japan did not reach ...
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The US and Indonesia finalize a trade deal
The US President, Donald Trump, and the Indonesian President, Prabowo Subianto, announced that the two countries have reached a trade agreement, under which Indonesian goods exported to the US will face a 19 percent tariff. In a letter sent to the Indonesian government on July 7, Trump had threatened ...
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Loro Piana placed under judicial administration in Italy
Loro Piana, the Italian luxury brand controlled by the French luxury goods group LVMH, has been placed under judicial administration for one year by a Milan-based court. According to the court, Loro Piana has been deemed “incapable of preventing and curbing labor exploitation phenomena within the production cycle” in ...
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US threatens 35% tariff for Canada
US President, Donald Trump, announced that from Aug. 1 he plans to apply a 35 percent tariff on goods imported from Canada if a trade agreement is not reached. In a letter dated July 10 sent to the Canadian prime minister, Mark Carney, Trump warned that the US will increase ...
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ArticleUS threatens Brazil with a 50% tariff
The US President Donald Trump said that starting Aug. 1 Brazilian exports to the US will face a 50 percent tariff. The levy, referred to as a reciprocal tariff, is ”separate from all sectoral tariffs,” according to a letter sent to the Brazilian President Luiz Inacio Lula da Silva. The ...
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Trump sends tariff rates to 14 countries including Bangladesh and Cambodia
The US President Donald Trump has sent letters to leaders of 14 countries with so-called reciprocal import tariffs. The letters, dated July 7, were published on Trump’s social media Truth Social. The tariffs are applicable from Aug. 1 and are ”separate from all sectoral tariffs,” the letters explained. The duties ...
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Freebird closes its HQ and most of its stores
The US footwear retailer Freebird has closed its headquarters in Denver and 14 of its 20 stores due to financial difficulties. Freebird is controlled by the turnaround company Ampleo, which was appointed as a caretaker by a Denver court on May 20. The retailer was reportedly being sued by KeyBank ...
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ArticleThe US and Vietnam reach a trade agreement
The US has reached a trade agreement with Vietnam which is seen as open to intepretation and detrimental to China. It is the second trade deal struck by the North American powerhouse, after the agreement with the UK, since the US administration announced a review of arrangements with its trade ...
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ArticleUS and China reach a trade framework deal
The US and China have reached a trade framework deal aimed at facilitating rare earth exports to the US and lifting restrictive measures against Beijing, according to a statement released by China’s ministry of commerce on June 27. The economic and trade teams of the two countries held economic and ...
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European Commission withdraws Green Claims proposal
The European Commission unexpectedly withdrawn its Green Claims Directive, a legislative proposal designed to regulate and verify environmental marketing claims made by companies. The directive was originally introduced in response to a 2020 study that found over half of green claims on the European Union market were vague, misleading or ...
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Princesse tam tam, Comptoir des Cotonniers reportedly file for receivership
The French fashion retailers Princesse tam tam and Comptoir des Cotonniers have filed for receivership with a Paris-based court, the news agency AFP said citing a source close to the matter. The move was motivated by the ongoing deterioration of the retailers’ financial situation in a market that has not ...
