Revoking China PNTR may lead to higher tariffs borne by US firms: AAFA

US trade body AAFA has urged the International Trade Commission not to revoke the permanent normal trade relations (PNTR) status granted to China as that would result in higher tariffs borne by US companies.
Higher tariffs on Chinese imports would constrain US firms’ ability to invest in innovation, expand operations and support US job growth, and would risk closing off commercial opportunities in China.

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India’s T&A exports fall 14% in March, FY26 down 2.21%

India’s textile and apparel exports fell sharply in March 2026, declining 14.02 per cent year on year (YoY) to $2.91 billion amid geopolitical disruptions.
Apparels dropped 18.99 per cent and textiles 9.91 per cent.
FY 2025–26 exports slipped 2.21 per cent, with sector share easing to 8.10 per cent.
Cotton imports surged annually, while MMF trends remained relatively stable.

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US CBP to soon launch electronic system for importers to claim refunds

US Customs and Border Protection will launch on April 20 an electronic system that importers can use to claim tariff refunds authorised by court order or applicable law.
Phase 1 will be limited to certain unliquidated entries and certain entries within 80 days of liquidation.
Refunds will be issued within 60-90 days of the Consolidated Administration and Processing of Entries declaration getting accepted.

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Bangladesh RMG units call for allowing local FOC raw material sourcing

Bangladesh RMG players have urged the government to remove restrictions on sourcing raw materials free of cost (FOC) from local suppliers.
Industry leaders said allowing FOC sourcing from domestic suppliers would boost local sales, strengthen backward linkage industries and raise overall value addition in the export-oriented sector.
Many local suppliers can provide inputs now against global orders.

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Luxury brands book sales drop as Mideast war takes toll on airport shopping

Luxury brands are feeling the impact of the Middle East conflict. Travel disruptions are affecting sales at Dubai malls and other regional hubs. This is a setback for companies relying on these high-margin channels. The situation is expected to worsen if the conflict continues. Analysts are watching closely as recovery from the pandemic is already underway.

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