Tariff Turbulence: Duties Weave A Crisis For Indian Textiles
Even as the short-term prospects look grim, the situation reinforces the urgency of diversifying markets, driving innovation, and bolstering policy support
Even as the short-term prospects look grim, the situation reinforces the urgency of diversifying markets, driving innovation, and bolstering policy support
The company will invest disproportionately to ensure it gets the full benefits of Unilever’s scale and advantaged portfolio footprint in these markets, says CEO
The report notes that the company is looking to optimise its sourcing mix and allocate production differently across countries
The current regulatory framework allows US ecommerce firms to act only a marketplace, where other sellers list their products
The report states that starting 2 May, Chinese ecommerce shipments under USD 800 to the US will face a steep 120 per cent import duty, ending their duty-free entry.
The rating agency Icra has said that India’s apparel exports are likely to grow by 8 to 9 per cent in the financial year (FY) 2025, benefitting from the low base and with replenishment of stock in the United States (US) and the European Union (EU) regions. Following the tepid demand environment in FY24, Icra […]
Two US Senators, Sherrod Brown and Rick Scott, are advocating for a significant crackdown on the influx of duty-free packages from China into the United States. They have called upon President Joe Biden to take executive action to address what they perceive as an unfair advantage given to Chinese products. In a letter to President […]
India’s electronics industry witnessed a big surge in exports during the fiscal year 2022-23, as reported by the Electronics and Computer Software Export Promotion Council (ESC). The sector experienced a growth rate of over 50.25 per cent compared to the previous year, culminating in exports totaling USD 23.58 billion. This surge in exports was attributed […]
Superdry’s Chief Financial Officer Shaun Wills will step down at the end of March, as the struggling fashion store revealed a larger half-year deficit on Friday as odd weather slowed sales amid a cost-of-living problem. Giles David has been designated the retailer’s interim CFO, starting 29 January. The London-listed firm reported an adjusted loss before tax […]
Global inflation continued to ease, giving hints of loosening of central bank interest rates in 2024. The global headline rates of inflation are projected to reach 4.8 per cent, a sharp decline from 5.9 per cent in 2023 and 9.2 per cent in 2022, chief economists at the World Economic Forum said in a report. […]