All Trade & Sourcing articles – Page 4
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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 ...
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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 ...
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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 ...
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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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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, ...
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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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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, ...
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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 ...
