Swiss Billionaires Pivotal in Wooing Trump Ahead of Tariff Deal
As Switzerland closes in on a deal with the US to lower tariffs on the country, it will owe thanks to some of its richest executives who played a key role in wooing President Donald…
Tag: Tariff
Switzerland Moves Close to Securing Improved 15% US Tariff Deal
Switzerland is close to securing a 15 percent tariff on its exports to the US, in what would be a relief for the country after it was hit with a punishing 39 percent levy in…
Elf Beauty slumps as tariff costs, muted consumer spending hit annual forecasts
By Reuters Published November 5, 2025 Elf Beauty forecast annual sales and profit below Wall Street estimates on Wednesday, as the cosmetics-maker grapples with higher tariff costs and cautious consumer spending, sending its shares tumbling…
Chinese exporters bet that Xi-Trump tariff truce won’t last
By Bloomberg Published October 31, 2025 Chinese exporters are heartened by lower US tariffs following a summit between leaders of the two economic superpowers Thursday, but say they’re still keen to hedge exposure to any…
P&G reports 20% profit increase for the first quarter of its fiscal year, halves tariff impact
By Europa Press Published October 24, 2025 US company Procter & Gamble (P&G) began its fiscal year with attributable net profit of 4,750 million dollars (4,093 million euros) between July and September, its first quarter,…
Adidas Raises Full-Year Profit Outlook as It Rides Out Tariff Impact
Germany’s Adidas on Tuesday raised its operating profit guidance for the full year, saying it successfully mitigated part of the extra costs caused by higher US tariffs.The sportswear brand predicted a 2025 operating profit of about…
Shein’s robust US growth evaporates after Trump tariff hit
By Bloomberg Published October 10, 2025 Shein Group Ltd.’s sales in the US have taken a hit since the Trump administration ended a tariff exemption for small shipments that helped fuel the fast-growing retailer’s growth.Shein is known…
“Extremely angry” Trump threatens “massive” tariff on all Chinese exports
The chairman of the House of Representatives' Select Committee on the Chinese Communist Party (CCP), John Moolenaar (R-Mich.), issued a statement, suggesting that, unlike Trump, he'd seen China's rare earths move coming. He pushed Trump…
Trump’s 50% Tariff Sows Fear Inside Indian Apparel Hub
Please log in to ensure you can read our agenda-setting intelligence, analysis and advice. Or get in touch at support@businessoffashion.com if you experience difficulties. When president Donald Trump first unveiled his “Liberation Day” tariffs in…
Swiss Offer Trump Sweetener on Gold to Get Better Tariff Deal
Switzerland has offered to invest in the US gold-refining industry, as part of its efforts to persuade the Trump administration to lower the 39 percent import tariff imposed last month.The levy — the highest of…