Marc Bain

1 week ago | businessoffashion.com | Marc Bain |Malique Morris

Until last week, getting products from China to the US as quickly as possible was top priority for some clients of Shift Fashion Group, a studio that helps brands with product development and manufacturing. That changed when tariffs as high as 145 percent kicked in last week. “They’re starting to put it on a boat and gamble if the tariffs are going to lower in the next little while,” said Joe Ng, Shift Fashion Group’s founder and chief executive.

1 week ago | businessoffashion.com | Brian Baskin |Sheena Butler Young |Malique Morris |Marc Bain

The author has shared a Podcast.You will need to accept and consent to the use of cookies and similar technologies by our third-party partners (including: YouTube, Instagram or Twitter), in order to view embedded content in this article and others you may visit in future. Subscribe to the BoF Podcast here. In early April, President Donald Trump announced an unprecedented wave of tariffs, imposing duties as high as 145 percent on imports from China.

2 weeks ago | businessoffashion.com | Marc Bain

Fashion stocks rallied Wednesday as US president Donald Trump pulled back on the most severe tariffs in his global trade war — with one big exception: China. With global markets in a tailspin, Trump said on his social-media platform, Truth Social, that he had authorised a 90-day pause on the country-specific tariffs he announced last week, excluding those on China.

2 weeks ago | businessoffashion.com | Marc Bain

To many in the fashion industry, the days after Donald Trump’s April 2 tariff announcement had a familiar, sinking feeling to them. “I’ve heard this analogy a number of times from my members: It feels a lot like the first few weeks of March [2020] when Covid was hitting and everything was closing down,” said Matt Priest, president and chief executive of Footwear Distributors and Retailers of America, the largest footwear trade association in the US.

2 weeks ago | globaltextilesource.com | Marc Bain

April 08, 2025 Category: GARMENTS Country: United States Region: Asia Asian manufacturing hubs for fashion and footwear including Vietnam, Indonesia, Cambodia and India have said they won’t retaliate against Trump’s tariffs and are willing to make concessions.