All Legal & Institutional articles – Page 6
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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 ...
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Pension fund sues Skechers regarding acquistion by 3G
A pension fund, the Key West Police Officers & Firefighters Retirement Plan, has filed suit in Los Angeles Federal Court against Skechers, according to Reuters and others. The fund is suspicious of Skechers’ proposed acquisition by 3G. Its filing cites another article by Reuters, which itself cites Tom Nikic, who ...
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Portuguese footwear industry signs new labor contract
The Portuguese footwear association Apiccaps said that it has reached a labor agreement with Fesete, the local trade union covering the textile, clothing, footwear and leather industries, covering 42,000 workers and 1,900 companies in the country. The new contract was approved by 10 of the 11 unions forming Fesete ...
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Naf Naf goes into receivership
Naf Naf was placed into receivership on May 30 by a commercial tribunal based in Bobigny, in the outskirts of Paris. The French fashion retailer is facing cash “difficulties”, according to the court. It is the third time in its history that it faces a judicial redress. The retailer ...
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Trump expects US Supreme Court to reverse court ruling on trade tariffs
The US President Donald Trump said that “hopefully” the Supreme Court will overturn a ruling by the United States Court of International Trade blocking most of the trade tariffs imposed by his administration. “The ruling by the U.S. Court of International Trade is so wrong, and so political! Hopefully, the ...
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ArticleUS court rules Trump cannot impose trade tariffs
The United States Court of International Trade ruled that President Donald Trump did not have the authority under the International Emergency Economic Powers Act (IEEPA) to impose on April 2 so-called reciprocal tariffs on a string of countries. It also rejected separate tariffs imposed on China, Mexico and Canada related ...
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EU urges Shein to respect laws, warns of fines
European Union authorities urged Shein to respect EU consumer protection laws, saying that the Singapore-based fashion online retailer could face fines if it failed to comply. Following a coordinated investigation at European level, the Consumer Protection Cooperation Network of national consumer authorities and the European Commission said that they had ...
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ArticleTrump postpones plan to introduce 50% tariff on EU to July 9
The US President Donald Trump has postponed the deadline to introduce a 50 percent import tariff on goods from the European Union to July 9 from June 1, after speaking with Ursula von der Leyen, the president of the European Commission. “I received a call today from Ursula von der ...
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Trump threatens 50% tariff for EU goods
The US President Donald Trump is recommending a 50 percent import tariff on goods from the European Union after claiming that trade talks with the bloc had stalled. ”The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very ...
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ArticleUS court rules that Iconix improperly terminated the Pony license with Fashion Footwear
A New York Appellate Court ruled that Iconix’s decision to end a footwear license agreement regarding the Pony brand with New York-based Fashion Footwear was “unlawful”, according to a statement released by Oved & Oved LLP, the law firm counseling Fashion Footwear. The law firm pointed out that it will ...
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US cuts de minimis tariff for Chinese goods
In an executive order signed on May 12, US President Donald Trump is cutting the so-called “de minimis” tariff on parcels from China, including Hong Kong, to 54 percent from 120 percent from May 14. A flat fee of $100 remains in place. The “de minimis” exemption enables shipments with ...
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ArticleChina and US to suspend part of tariffs for 90 days starting May 14
China and the US have jointly announced a 90-day suspension of certain tariffs starting on May 14, following talks in Geneva between the parties. The US said it would lower its reciprocal tariff on Chinese goods to 10 percent from 125 percent, while China said it would cut its tariff ...
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HDE files antitrust complaint against Temu
HDE, the German retail association, has filed a complaint with the country’s Federal Cartel Office (Bundeskartellamt) against the Chinese online marketplace Temu alleging anti-competitive practices. According to the complaint, Temu deprives retailers of control over their prices and, in numerous cases, allegedly violates European and German market regulations. “Temu not ...
