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The Trump administration launched an investigation into the pharmaceutical industry in April as a bid to impose tariffs on the grounds that extensive reliance on foreign production of medicine is a national security threat.
The 25 percent rates do not include any sectoral-specific tariffs that the Trump administration would separately implement on goods imported in key industries.
New trade deals and tariff warnings are set to be announced, with negotiations ongoing to avoid punitive measures on exports to the US.
The UK-based luxury watch retailer said its margin on earnings before interest and taxes risks slipping by as much as 100 basis points compared with the previous 12 months.
Joan Kennedy is Correspondent at The Business of Fashion. She is based in New York and covers beauty and marketing.
From $50 cashmere to Dom Pérignon champagne, the everything store for the aspirationally bougie is outrunning the ghosts of DTC past.
A disappointing US employment report surprised economists and investors, but was old news for the apparel sector, where the labour market has stagnated for years.
Join us on Tuesday, March 17 at 15:00 GMT / 10:00 EST for the next BoF Professional Masterclass on The State of Fashion 2026.
Nordstrom’s co-CEO and president joins Imran Amed to discuss the retailer’s 125-year history, why he believes the department store model still works and how taking the company private is shaping the company’s next chapter.
The executive order directs the FTC chairman to prioritise enforcement of existing laws against sellers and manufacturers who falsely claim products are made in America.
Global oil markets face turmoil after a US attack on Iran's main export hub heightened risks to supply across the Middle East.
The 98th Academy Awards, and Vanity Fair’s revamped after-party, bring luxury brands’ red-carpet strategies to a crescendo. Plus, Lululemon reports quarterly results with the CEO job still vacant.
From the impact of the war in the Middle East to the future of Saks to the Kering conundrum, Imran Amed shares his intel and insight from the trenches of the latest ‘fashion month.’
