Forever 21 has once again filed for bankruptcy protection and plans to close all its stores across the United States. This marks the second time the company has filed for bankruptcy in six years. The primary reasons include a sluggish apparel market, intensified competition from Chinese e-commerce platforms, and rising operating costs, all of which […]
American sporting goods giant Nike has once again reported disappointing financial results, with sales in both the United States and China declining significantly. The company is also concerned about the negative impact of weak consumer confidence and changing tariff policies. Following the release of its earnings report, Nike’s stock price plunged nearly 5% in after-hours […]
Although the growth rate was slower than in 2023, the French trade magazine Le MOCI reported on March 17 that global cross-border online sales continued to expand in 2024. France ranks fourth in the global cross-border e-commerce market, holding a 4% market share. Between 2018 and 2024, global e-commerce revenue doubled, reaching $4.562 trillion. It […]
“Made in Italy” is globally renowned for its exceptional quality, but it now faces serious challenges. Industrial production in 2024 is expected to decline by 3.5% compared to 2023, marking a 15% contraction since its peak in April 2022. The year 2025 will be crucial for the future of manufacturing, as Italy finds itself at […]
The Wall Street Journal’s chief economic commentator, Ye Weiping, has stated that former U.S. President Donald Trump’s tariff war against Canada and Mexico would lead to significant economic and diplomatic costs for all three North American nations. If these tariffs persist, Canada and Mexico could plunge into a severe economic recession, while the United States […]
France’s pension reform has led to strikes at ports, raising concerns among transport operators and cargo owners about a potential decline in the competitiveness of French ports, which could favor other European ports. Starts from 2025 January till now, the ongoing strike at French ports has resulted in 300 hours of downtime, significantly impacting the […]
On March 4, 2025, the United States enacted a 25% tariff on all imports from Canada, alongside a 10% tariff on energy products, while postponing the tariffs affecting the automotive sector for an additional month.In response, Canada initiated the first phase of its countermeasures, implementing a 25% tariff on U.S. imports valued at 30 billion […]
According to The Economist, since World War II, the United States has developed a global trade framework that emphasizes equitable treatment for all nations. Central to this framework is the “most favored nation” clause, which stipulates that tariffs on specific goods must be uniform among members of the World Trade Organization, irrespective of their country […]
On March 3, 2025, the President of the United States enacted an executive order that modifies paragraph 2(a) of the executive order dated February 1, 2025. Consequently, all products originating from China will incur an additional ad valorem tariff of 20%. On the same date, U.S. Customs announced that products from China, including those from […]
U.S. President Trump has implemented a 25% tariff on imports from Mexico and Canada, while increasing tariffs on goods from China from 10% to 20%. British Finance Minister Reeves stated on March 4 that even if a trade agreement is reached between the UK and the U.S., the ongoing trade conflict between the U.S. and […]