All Trade & Sourcing articles – Page 2
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New US 10% tariff comes into effect
A new 10 percent global tariff announced by the White House on goods imported into the US came into effect on Feb. 24. The US President, Donald Trump, announced that the rate would be increased to 15 percent, but the move still has to be made official. On Feb. ...
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ArticleTrump announces a 15% worldwide tariff after US Supreme Court ruling
US President, Donald Trump, announced a 15 percent worldwide tariffs on goods imported into the US after the US Supreme Court said that the President had exceed his authority by imposing tariffs under the the International Emergency Economic Powers Act (IEEPA) of 1977. The ruling, issued on Feb. 20, was ...
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US Supreme Court rules against trade tariffs
The US Supreme Court struck a blow to the tariff policy of President Donald Trump, ruling six to three that the executive may not set tariffs by invoking the International Emergency Economic Powers Act (IEEPA) of 1977. According to Reuters, the majority opinion, written by Chief Justice John Roberts, quotes ...
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ArticleItalian shoemakers see delay in EU-Mercosur trade deal as severely damaging
The European Parliament’s decision to delay the ratification of the European Union-Mercosur trade agreement by requesting a legal opinion from the Court of Justice of the European Union is viewed as severely damaging by the Italian footwear industry. “The postponement of the EU-Mercosur agreement represents serious damage for our ...
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ArticleBrazilian shoemakers express concern about growing imports
After a record year in 2024, Brazil’s footwear imports continued to rise sharply in January, setting a new record for the month, according to data released by Abicalçados, the Brazilian association of footwear manufacturers. In January, imports totaled 4.46 million pairs, up by 34.3 percent year-over-year and $62.9 million, up ...
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ArticlePortugual’s 2025 footwear exports rise 0.8% in value
The Portuguese footwear industry exported 68 million pairs of shoes in 2025, up by 1.8 percent in volume compared with 2024, for a total value of €1.718 billion, up by 0.8 percent, according to data compiled by the statistics office Ine and released by Apiccaps, the Portuguese footwear association. Exports ...
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US to cut trade tariffs on Indian imports
The US President, Donald Trump, said that the US will cut to 18 percent from 25 percent the so-called reciprocal tariff imposed on Indian imports after the two countries reached a trade agreement. According to Trump, the tariff cut comes after the Indian Prime Minister, Narendra Modi, agreed to stop ...
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ArticleHow the war in Ukraine has affected a local footwear company
Belsta, Ukraine’s largest footwear company founded in 2006 and based in Bilhorod-Dnestrovskyi in the Odessa region, has suffered extensively from the war with Russia, which used to be its biggest market. The company, which specializes in slippers, is seeking to bolster sales in the European Union. Before 2014, when Russia ...
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Indian shoemakers see new opportunities with EU trade deal
The trade agreement reached by the European Union and India will create “new opportunities” for the Indian footwear and leather industry, according to R Selvam, the Executive Director of Council for Leather Exports (CLE), which is sponsored by India’s Ministry of Commerce & Industry. “The India–EU free trade agreement, which ...
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EU and India conclude negotiations for free trade agreement
The European Union and India have concluded negotiations for a free trade agreement, marking the largest such deal ever concluded by either side. “The EU and India make history today, deepening the partnership between the world’s biggest democracies,” commented Ursula von der Leyen, the President of the European Commission. “We ...
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Trump threatens trade tariffs against Canada
The US President, Donald Trump, has threaten to impose a 100 percent tariff on Canadian imports it its northern neighbor signs a trade agreement with China. “If Governor Carney thinks he is going to make Canada a “Drop Off Port” for China to send goods and products into the United ...
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Pakistani’s SGFL forms joint venture with China’s Golden Star Footwear Group
Service Global Footwear Limited (SGFL), Pakistan’s largest footwear exporter, has entered into a joint venture agreement with Golden Star Footwear Group Limited, a Chinese company, to establish a manufacturing and export project for non-leather footwear in Pakistan. SGFL will hold a 51 percent stake in the joint venture and Golden ...
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ArticleUS pauses Greenland tariff threat
The US has paused threatened tariff increases against several European allies following talks between US President Donald Trump and NATO Secretary General Mark Rutte, easing tensions that had escalated over Greenland and transatlantic trade. Speaking on the sidelines of the World Economic Forum in Davos, Trump said tariff measures previously ...
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French footwear exports down 3% in the first 11 months of 2025
French exports of footwear totaled €4.859 billion in the first 11 months of 2025, down by 3 percent year-over-year, while imports were up by 2 percent at €7.609 billion, according to data released by Alliance France Cuir, the trade association representing the country’s leather and leather goods industry. It added ...
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ArticleThe EU and Mercosur sign a free trade agreement
On Jan. 17, the European Union and Mercosur signed a Partnership Agreement (EMPA) and an Interim Trade Agreement (iTA). However, the controversial free trade deal still has to be approved by the European Parliament and single EU member states. When on Jan. 9, a qualified majority of EU ...
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ArticleUS threatens to hike trade tariffs for 8 European countries in Greenland standoff
The US President Donald Trump announced additional tariffs on imports from eight European countries until an agreement is reached for the purchase of Greenland by the US. If applied, duties on exports to the US could increase to 35 percent for the UK and 40 percent for the other six ...
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Spanish footwear exports down 1.5% in first 10 months of 2025
Spanish footwear exports during the first ten months of 2025 totalled €2.92 billion, down by 1.5 percent compared to the same period in 2024, according to data released by the footwear association Fice.
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ArticleEU countries clear the Mercosur trade deal
A qualified majority of European Union member states has given the go-ahead to a free trade deal with the South American trade bloc Mercosur, despite protests of farmers and the opposition of France. Italian Prime Minister, Giorgia Meloni, said that the parties had found a “balance” between the interests of ...
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Turkish inflation continues to slip
The annual inflation rate in Turkey fell to 30.89 percent in December 2025 from 44.38 percent the year earlier and from 64.77 percent in December 2023, according to data from Turkish statistics office Tuik. The monthly rate of inflation fell to 0.89 percent in December 2025 from 1.03 percent the ...
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ArticleRevenues of Italian footwear manufacturers drop by 0.9% in the third quarter
In the first nine months of 2025, revenues of Italian footwear manufacturers fell by 4.1 percent year-over-year, but the industry’s performance has gradually improved over the past three quarters and the decline was nearly erased in the third quarter, according to a survey carried out in November by Confindustria Accessori ...
