Apparels

The US has imposed 35 per cent tariff on imports from Bangladesh.
As per some experts and industry players, the newly imposed 35 per cent tariff will be added to the existing average duty of around 15 per cent.
However, there is some hope of tariff reduction as the USTR has reportedly extended invitation to Bangladesh for another round of negotiations from today.

China retained its position as the world’s leading apparel exporter last year, with $165.24 billion in exports—up by 0.3 per cent YoY, the WTO said.
Bangladesh ranked second, with export earnings worth $38.48 billion; its growth was 0.21 per cent.
The global apparel market expanded to $557.5 billion in 2024—a 7.08-per cent growth.
Vietnam saw the highest growth among the top exporters at 9.34 per cent.

Nike launches the Giannis Freak 7, built for Giannis Antetokounmpo’s dynamic playstyle, especially his Euro step.
It features a unique “ANTETOKOUNMPO” traction pattern, full-length Cushlon 3.0 midsole, and mechanically engineered grooves for grip, comfort and agility.
Inspired by Greek sandals, the upper enhances lockdown and lateral containment, blending heritage and performance for the next-gen hooper.

US apparel sector is adjusting to ongoing import tariffs, with firms increasing inventories and cautiously raising prices due to concerns over consumer demand, as per S&P Global.
While sourcing from China has declined, ASEAN countries, particularly Vietnam, have gained market share.
Firms are negotiating with suppliers to offset costs, and imports are expected to drop in Q3 2025.

Bangladesh secured a 10.56 per cent share in the US garment market in Q1 2025, becoming the third-largest supplier.
However, from August 1, it will face a steep 35 per cent duty under the Trump administration’s revised tariff policy.
This includes a new 10 per cent base duty in addition to existing tariffs.
Bangladesh has requested a continuation of the current tariff rates.

Titan Company experienced a 20 per cent year-on-year growth in its consumer businesses during the first quarter, with domestic jewellery operations rising by 18 per cent despite gold price volatility. The watches segment saw a 23 per cent increase, while the eyecare business grew by 12 per cent, accompanied by store adjustments.

Nigeria will explore plans to focus on the fashion industry’s embroidery sub-sector to reduce unemployment and boost national income.
Embroidery Chief, which specialises in selling and supporting embroidery machines, in partnership with two Chinese firms DAHAO and Futong, unveiled an initiative to upscale the embroidery industry through training and affordable access to advanced machines.

Apparel Group has launched a Victoria’s Secret beauty store in Chennai’s Express Avenue Mall, marking the brand’s debut in South India. This expansion increases Victoria’s Secret’s presence to 13 stores across seven Indian cities. The company aims to provide elevated retail experiences that appeal to Indian consumers and enhance access to globally recognized brands.

The newly announced tariff, set to take effect on August 1, is slightly lower than the 37% rate initially proposed in April. Nevertheless, it remains well above the standard 10% baseline and is likely to affect Bangladesh’s competitiveness in the global garment supply chain.

Louis Vuitton’s show in Paris took Indian inspiration. Pharrell Williams collaborated with Indian talents. The show featured Indian craftsmanship and acknowledged collaborators. This contrasts with the Prada controversy. Luxury brands are recognizing India’s role. India’s luxury market is growing. Brands are engaging with Indian consumers. Williams’s show reflected genuine intent. He immersed himself in Indian culture.