Apparel and footwear products do not feature on the proposed list of 1,300 Chinese imports marked for additional US tariffs published by the USTR on Tuesday. Textile machinery, however, is slated for further duties.
Snow drove shoppers away from UK stores last month with footfall down nearly 12% and close to 29% in the first week of the month. The new report from Ipsos Retail Performance also said London/South East suffered most.
Asos could save money on photographing its goods as a new tech deal allows it to 'dress' models and create images of them digitally. It speeds up the process and also offers future personalisation potential.
Clothing and footwear have so far been excluded, drawing a sigh of relief from US retailers who had feared higher costs for American consumers. China pushed back on Wednesday, vowing to impose retaliatory tariffs.
British shop prices dropped in March at the fastest pace in more than a year, adding to signs that inflation pressure caused by the pound’s post-Brexit drop is fading away, an industry survey showed on Wednesday.
The US, Mexico and Canada have made significant advances on reworking the NAFTA trade deal and will meet in the coming days to determine the scope on the basics of a deal, Mexico's economy minister said on Monday.