All Trade & Sourcing articles – Page 3
-
ArticlePiccadilly aims to double exports by 2028
Piccadilly aims to almost double its footwear exports by 2028, despite the possibility of a sharp increase in US trade tariffs. The US is the largest export market, in value, for Brazilian shoemakers. Piccadilly anticipates its overall exports to rise from 2.5 million pairs in 2024 to 4.3 million in ...
-
ArticleBos Group obtains the footwear license for PME Legend
The Dutch fashion retailer Just Brands has signed a long-term licensing deal with Bos Group International, granting the latter exclusive distribution rights for PME Legend shoes across Europe. The transition is aimed at bolstering PME Legend’s growth and brand presence in the European footwear market. Under the agreement, Bos Group ...
-
News briefs
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 ...
-
ArticleBrazil’s footwear exports rise by nearly 9% in volume in the first half
In the six months of 2025, Brazil exported 52.7 million pairs of shoes, up by 8.8 percent year-over-year, generating $497.34 million in revenues, up by 3.0 percent. In the sole month of June, exports also grew by 24.5 percent year-over-year to 6.87 million pairs, resulting in $70.17 million in revenues, ...
-
News briefs
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 ...
-
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 ...
-
News briefs
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 ...
-
ArticleChina is expected to see a significant decline in its exports as a result of the trade war
The introduction of higher import tariffs by the US is expected to lead to a significant decline in China’s market share in global footwear exports, but the Asian powerhouse will remain the world’s leading manufacturer for the foreseeable future as the efficiency of its manufacturing base continues to attract buyers, ...
-
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 ...
-
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 ...
-
ArticleLowa and Ecco close factories in Slovakia
The German outdoor footwear brand Lowa Sportschuhe GmbH and the Danish footwear brand Ecco are set to close their production facilities in Slovakia in the summer of 2025. The decisions raise questions about the future of the country’s footwear industry, which has been hampered in recent years by rising energy ...
-
News briefs
Trump accuses China of violating trade deal
US President Donald Trump has accused China of violating the preliminary trade agreement the two countries reached on May 12. In a post on his Truth Social platform, Trump said China had been in big trouble two weeks ago due to the high tariffs set by the US and so ...
-
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 ...
-
News briefs
Pakistani footwear exports up nearly 12% in first 10 months of fiscal year
Between July 2024 and April 2025, which corresponds to the first 10 months of the Pakistan’s fiscal year, the Asian country increased footwear exports by 11.79 percent year-over-year to $148.4 million, according to the Pakistan Bureau of Statistics (PSB). The export of leather footwear grew by 14.14 percent to $115.3 ...
-
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 ...
-
ArticleTwo-thirds of international firms are facing higher costs due to the trade war
Global businesses are facing surging costs and supply chain disruptions, prompting a strategic rethink of operations and planned investments due to higher tariffs and shifting trade policies, according to a survey carried out by the British bank HSBC. The survey involved 5,750 internationally exposed companies across 13 markets. “Two-thirds of ...
-
News briefs
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 ...
-
News briefs
Indian state of Uttar Pradesh launches a footwear cluster
The Uttar Pradesh State Industrial Development Authority (UPSIDA) said that it is developing the state’s “first dedicated Footwear Park” on 131.69 acres in the town of Kanpur. The project aims at providing opportunities for micro, small and medium enterprises, it said. The park is envisioned as a hub for manufacturing ...
-
ArticlePortuguese footwear exports up 5.4% in value in Q1
In the first quarter of 2025, the Portuguese footwear industry exported 20 million pairs of shoes, worth €453 million. Compared to the previous year, shipments were up by 4.9 percent in volume and 5.4 percent in value, according to the Portuguese footwear association Apiccaps. “This is a very promising start ...
-
News briefs
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 ...
