All Trade & Sourcing articles – Page 2
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News briefs
OrthoLite opens a foaming plant in India
OrthoLite inaugurated the OrthoLite Foaming Plant in India. The US provider of comfort and performance foam technologies for footwear said that the facility “marks a significant step forward in OrthoLite’s strategy to localize the entire product creation process from end to end while strengthening our service and production capabilities to ...
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ArticleUS footwear distributors and retailers expect to pay $2bn more in import duties this year
The Footwear Distributors and Retailers of America (FDRA) estimates that its industry faces a $2 billion increase in import duties this year due to the tariffs introduced this year by the administration of the US President, Donald Trump. “The Footwear Distributors and Retailers of America is an 81-year-old organization that ...
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ArticleEU plans to finalize a free trade agreement with India by year end
The European Union (EU) said that it is committed to finalizing a trade agreement with India by the end of 2025. ”Europe is already India’s biggest trading partner and we are committed to finalising our Free Trade Agreement by the end of the year. Europe is open for business. And ...
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US threatens Brazil after Bolsonaro conviction
The US Secretary of State, Marco Rubio, said that the US will respond to the Brazilian supreme court’s decision to convict former Brazilian President, Jair Bolsonaro, for plotting a coup after losing the 2022 presidential election. “The political persecutions by sanctioned human rights abuser Alexandre de Moraes continue, as he ...
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ArticleBrazilian exports hit by US tariffs
In August, Brazilian footwear exports fell by 0.5 percent year-over-year in volume to 7.64 million pairs and by 9.1 percent in value to $77 million after the US introduced a 50 percent import tariff on Brazilian goods on Aug. 7. The US is Brazil’s main export market. Over the first ...
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EFTA, India free trade agreement effective Oct. 1
A free trade agreement between the states of the European Free Trade Association (EFTA) and India becomes effective Oct. 1, according to the Swiss government. The Swiss State Secretariat for Economic Affairs noted that on Sept. 3 the country’s Federal Council “adopted the necessary amendments to the ordinances to implement ...
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Dunion Taiyang Sheng Shoes to build a shoe factory in Bangladesh
Dunion Taiyang Sheng Shoes Co. Ltd. is set to invest $10.20 million to build a factory in Bangladesh, according to the Bangladesh Export Processing Zones Authority (BEPZA), which signed an agreement with the Chinese footwear manufacturer on Aug. 24. The Chinese company plans to produce 2.10 million pairs of sandals, ...
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ArticleColombia poised to increase its exports
Colombia consumes 110 million pairs of shoes per year. However, its annual production capacity is only ten million pairs, of which three million pairs are exported. Despite the huge imbalance between domestic consumption and local manufacturing, the South American country is seeking to increase its exports, as its shoemakers have ...
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News briefs
Worldly to integrate Material Exchange’s AI sourcing assistant
Material Exchange’s AI sourcing assistant, Frank the bear, will integrate with Worldly, a US sustainability data and analytics platform for the consumer goods industry. Worldly comprises a network of over 40,000 global customers across apparel, footwear, home furnishings, outdoor sporting goods and industries. “Worldly provides deep visibility into environmental and ...
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ArticleGabor launches a new brand strategy, cuts jobs at its Portuguese plant
The German footwear manufacturer Gabor Shoes is revamping its brand identity for the spring/summer 2026 season in a bid to expand its international footprint and customer base. The new brand strategy, “Gabor One,” aims to unify its digital and physical presence across products, packaging and marketing materials, with a focus ...
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Brazil to set up R$ 30bn credit line to help firms hit by US tariffs
The Brazilian President, Luiz Inacio Lula da Silva, said that he will authorise a 30 billion Brazilian reais ($5.5 billion dollars) credit line to help local companies hit by US import tariffs. The financial support will go mainly to small companies, the larger ones being more resilient, Lula added. The ...
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ArticleTrump extends tariff truce with China for 90 days
The US president, Donald Trump, has extended the trade tariff truce with China for 90 days, which was due to expire Aug. 12. The new deadline for the world’s two largest economies to reach a trade agreement is now Nov. 10. “I have just signed an Executive Order that will ...
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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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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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EU and US reach a tentative trade deal
The US and EU announced a tentative deal under which the EU would pay a 15 percent tariff on nearly all exports to the US. In return, the EU plans to purchase $750 billion in US energy and invest $600 billion in sectors such as pharmaceuticals and automobiles. Pharmaceuticals, steel ...
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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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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 ...
