He maintained that this kind of action will level the playing field against the influx of low-cost, frequently inferior imported clothing that is undermining domestic producers.
Business News
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According to Cotton Incorporated’s 2024 Global Denim Survey, 48% of consumers worldwide say they’re wearing jeans more frequently now than at any point in the past.
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Import and export activities at the Customs House in Chittagong, along with other customs stations nationwide, will continue on Friday (11th July) and tomorrow to address ongoing delays caused by technical issues with the National Board of Revenue's (NBR) system software.
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Considered as the 5th largest manufacturer of footwear in the world, Brazil shoe making industry can face the heat amid a 50 per cent tariff threat imposed by the U.S. President Donald Trump. The looming tariff threat can impact the brands like Steve Madden, who can be forced to shift their production base.
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Backed by Frasers Group and Challice Limited, the British leather handbag brand, Mulberry has secured a funding of US $ 27 million, which comes as respite given their 21% annual revenue drop. The brand will use this new funding to power their transformation plan, rethink their wholesale strategy, and bolster its position as a heritage brand.
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Bangladesh's leading ready-made clothing industry, which exports more than US $ 8.4 billion to the US each year, has voiced concerns about the effects of the higher tariffs. They say that as customers renegotiate prices for next shipments, suppliers are becoming anxious due to the uncertainty surrounding the increased taxes.
