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Doubts raised over USMCA renewal as Trump criticises trade deficits

US President Donald Trump has stated that the US may choose not to renew its trade agreement with Canada and Mexico, raising questions about the future of the United States-Mexico-Canada Agreement (USMCA).

Latest news

US apparel imports sink again in April as consumer confidence corrodes

The latest data from the US office of Apparel and Textiles (OTEXA) reveals that apparel imports fell again in April 2026, marking the fourth month in a row of decline as consumers respond to worsening macroeconomic conditions.

Frasers Group launches €1.98bn takeover bid for Hugo Boss  

Frasers Group, which owns 26% of the struggling German fashion brand Hugo Boss, has launched a voluntary public cash offer to seek full control.

NCTO welcomes House NDAA support for US-made textiles

The National Council of Textile Organizations (NCTO) has commended the House Armed Services Committee for advancing the Fiscal Year 2027 National Defence Authorization Act (NDAA) with provisions aimed at reinforcing the Berry Amendment’s procurement requirements for US-made textiles.

New bill may require US fashion firms to declare forced Uyghur labour assessments

A bipartisan bill proposed to the US House of Representatives, if passed, would force US-listed public companies to assess and declare if their supply chains involved the use of forced labour in China’s Xinjiang autonomous area, notably by its indigenous Uyghur population.