Global fashion industry expects 20% price hike on US tariffs
Digital wholesale platform Joor has found global fashion brands and retailers expect to raise prices by an average of 20% in response to new US trade tariffs.
02 May 2025
02 May 2025
Digital wholesale platform Joor has found global fashion brands and retailers expect to raise prices by an average of 20% in response to new US trade tariffs.
In the fourth part of a mini-series US-based fashion students tell Just Style ultra-fast fashion brands Shein and Temu are likely to see a drop in sales on account of Trump's tariffs.
The mood among fashion consumers is sombre, according to new research from GlobalData, which reveals over half in a recent survey said they were concerned about the cost of living on long term finances and the pressure on disposable income.
The US officially ended its de minimis exemption that allowed packages under $800 to come into the country duty-free on 2 May but what will this mean in practice for fashion brands, retailers and the wider supply chain?
The US National Council of Textile Organizations (NCTO) has commended the Trump Administration's move to end the de minimis exemption for low-value shipments from China and Hong Kong, but urges him to extend this to all countries in the near future.
Fashion brands and retailers, including Decathlon, eBay, John Lewis, Crystal, and Tapestry have committed to participating in the Fashion ReModel, an initiative spearheaded by the Ellen MacArthur Foundation to drive circular business models within the fashion industry.
The upcoming edition of Gartex Texprocess India – Mumbai 2025 expo is poised to cast a spotlight on the latest advancements in garment and textile machinery, emphasising the integration of technology, automation, and ethical manufacturing practices.
Lectra has announced the global expansion of Valia Fashion into new markets, including Mexico, Brazil, and other parts of South America.
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