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China to cut provisional import tariffs on 935 items from January 1

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China to cut provisional import tariffs on 935 items from January 1



The Customs Tariff Commission of China’s State Council recently announced that it will apply provisional import tariff rates lower than the most-favoured-nation (MFN) rates on 935 items beginning January 1.

The move aims at enhancing synergy between domestic and international markets, and leveraging the resources of both in a better manner while expanding the supply of high-quality goods, a circular from the commission said.

China will apply provisional import tariff rates lower than the most-favoured-nation rates on 935 items beginning January 1.
The move aims at enhancing synergy between domestic and global markets, and leveraging the resources of both in a better manner while expanding the supply of high-quality goods.
The country will also optimise tariff headings and national subheading notes next year.

The full list of items is yet to be disclosed.

The country will also optimise tariff headings and national subheading notes next year.

To deepen economic and trade cooperation and promote regional integration, the country will continue applying agreed tariff rates to certain imported goods originating from its 34 trading partners in 2026, a state-controlled news outlet reported.

China will also maintain zero-tariff treatment on cent per cent of tariff lines next year to the 43 least developed countries having diplomatic ties with it.

Fibre2Fashion News Desk (DS)



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Apparel retailer Uniqlo signs landmark deal with Los Angeles Dodgers

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Apparel retailer Uniqlo signs landmark deal with Los Angeles Dodgers



The Los Angeles Dodgers and global apparel retailer UNIQLO have agreed to a historic partnership, through which the two leaders will work together closely for the benefit of the Dodgers, their fans and UNIQLO customers everywhere, and the broader Los Angeles community. The partnership agreement includes a display of the name “UNIQLO Field at Dodger Stadium” in the ballpark.

Bringing together two world-class brands, each with loyal supporters around the globe, the alliance is the first major sports partnership for UNIQLO in the United States. Under the agreement, UNIQLO will have naming displays in various stadium locations including above the batter’s eye in center field, on the facade beneath the press box, and on the grass along the baselines.

“With UNIQLO, we have established a historic partnership that we’re very proud to present in our ballpark,” said Stan Kasten, President & CEO, Los Angeles Dodgers. “UNIQLO is as distinguished in their field as the Dodgers are on ours. Both organizations aspire to be global leaders and to set the standard in our respective industries and communities.”

The Los Angeles Dodgers and Uniqlo have formed a landmark partnership featuring prominent “Uniqlo Field at Dodger Stadium” branding across the venue.
The collaboration, Uniqlo’s first major US sports deal, will include fan events, LifeWear giveaways, and dedicated in-store displays in California to strengthen engagement with both Dodgers fans and Uniqlo customers.

Commenting on the news, Tadashi Yanai, UNIQLO Founder and Fast Retailing Group Chairman, said, “It is a great honor to partner with the Los Angeles Dodgers – such a prestigious, world-class team that innovates with the times. For everyone at UNIQLO, this is a dream partnership that brings people everywhere together. Like the Dodgers, UNIQLO aims to be No. 1 in the world. We look forward to teaming with the Dodgers to deliver new value to fans and customers in Los Angeles and the United States as we continue our work to become the most loved and most trusted brand here and around the world.”

With a scope wider than typical sports sponsorships, the new partnership includes:

A focus on Dodgers fans

An in-stadium event will be hosted early in the coming season at UNIQLO Field at Dodger Stadium. This will be a large-scale event, introducing UNIQLO to thousands of Dodgers fans with giveaways of UNIQLO LifeWear items.

Efforts to engage UNIQLO customers

UNIQLO plans to create dedicated in store spaces at select locations in California, with a focus on the Los Angeles area, to showcase and promote the partnership.

A genuine commitment to the Los Angeles community

Joint contributions to the community will be an ongoing priority of the partnership. UNIQLO and the Dodgers are now working on a range of community-impact initiatives that specifically benefit the citizens and communities of Los Angeles, with a key focus on the next generation. Details will be announced around May.

Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.

Fibre2Fashion News Desk (RM)



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New Zealand’s apparel imports down 11% to $216 mn in Jan-Feb

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New Zealand’s apparel imports down 11% to 6 mn in Jan-Feb



Total apparel imports (HS ** and ** combined) stood at NZ$***.** million (~$***.** million) in January–February ****, down from NZ$***.** million in the same period of ****, marking a decline of **.* per cent year on year.

The country’s imports of knitted apparel (HS **) fell to NZ$***.** million (~$***.** million) in the first two months of current year, compared with NZ$***.** million a year earlier, registering a decline of **.** per cent. Similarly, non-knitted apparel (HS **) imports dropped to NZ$***.** million (~$**.** million) from NZ$***.** million, reflecting a decrease of **.** per cent. The parallel contraction across both segments indicates broad-based weakness in garment imports rather than category-specific pressure.



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Rupee at 95/$: What it means for India’s textile sector

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Rupee at 95/$: What it means for India’s textile sector



The Indian rupee’s breach of the ₹95/$ mark is more than a currency headline; it is a structural shift that will ripple across sourcing, costing, exports, and demand in the textile and apparel (T&A) industry. With the currency logging its worst annual fall in 14 years, nearly 10–11 per cent depreciation in FY26, the sector now faces a dual reality: short-term export gains and long-term cost inflation risks.

A perfect storm behind the rupee slide

The current depreciation is not cyclical; it is geopolitical and structural.

The Indian rupee’s sharp fall is creating a dual impact, boosting export competitiveness while simultaneously inflating input, energy, and logistics costs.
MMF segments are most exposed, as import dependence erodes margin gains from currency depreciation.
Demand weakness in the US and EU limits the benefit of improved pricing, creating a cost–demand mismatch.

  • Oil shock from Middle East conflict: Brent crude surged past $110–115/barrel, sharply increasing India’s import bill
  • Foreign capital outflows: Over $19 billion exited Indian equities, pressuring the currency
  • Strong US dollar and high interest rates: Capital shifting towards dollar assets
  • Trade and geopolitical uncertainty: Weakening investor confidence and export outlook

Together, these forces have pushed the rupee to record lows, with risks of further depreciation if conditions persist.

The Indian rupee’s fall past ₹95 per US dollar marks its steepest annual decline in 14 years, representing a critical moment for the textile and apparel (T&A) industry, reshaping cost structures, export competitiveness, and sourcing strategies simultaneously. While a weaker rupee traditionally boosts exporters by improving rupee realisations on dollar-denominated sales and enhancing India’s price competitiveness against peers like Bangladesh and Vietnam, the current depreciation is occurring alongside a sharp rise in crude oil prices and global uncertainty, creating a far more complex operating environment.

The industry’s heavy dependence on imported inputs, particularly in the man-made fibre (MMF) value chain, including polyester, PTA, MEG, dyes, and specialty chemicals, means that the currency shock is directly translating into higher raw material costs. This is further compounded by rising energy and logistics expenses, as fuel-linked inflation drives up power tariffs, freight rates, and processing costs across spinning, dyeing, and finishing segments. As a result, the initial export margin gains are already being diluted, especially for MMF-based manufacturers and vertically integrated players with significant import exposure.

At the same time, rupee volatility is intensifying working capital pressures across the value chain. Higher input costs are inflating inventory values, while fluctuating exchange rates are making export realisations less predictable and increasing the cost of hedging. For small and mid-sized enterprises, this could tighten liquidity cycles and increase dependence on short-term financing.

On the demand side, the situation remains equally challenging: key export markets such as the US and EU are grappling with inflation, cautious consumer spending, and elevated retail inventories, limiting order visibility despite improved pricing competitiveness from India. This creates a structural paradox where Indian suppliers are more cost-effective globally yet face subdued demand and heightened price resistance from international buyers.

Segment-wise, cotton textiles stand relatively insulated due to lower import dependency, whereas MMF and synthetic segments face the sharpest cost pressures, and garment exporters operate in a narrow margin band between currency gains and demand weakness.

In response, the industry is already undergoing strategic recalibration. Manufacturers are gradually shifting towards cotton and blended products to reduce exposure to volatile petrochemical inputs, while also strengthening foreign exchange risk management through increased hedging. There is a renewed push towards supply chain localisation, particularly for chemicals and trims, alongside efforts to renegotiate pricing with global buyers though with limited success in a demand-constrained environment.

Looking ahead, much will depend on the trajectory of crude oil prices, the potential for further rupee depreciation towards the ₹100/$ mark, and the effectiveness of policy interventions in stabilising currency markets. Ultimately, the rupee’s sharp fall is proving to be a double-edged sword for the T&A sector: offering short-term export advantages, but simultaneously accelerating cost inflation and exposing structural vulnerabilities, thereby forcing companies to prioritise efficiency, agility, and financial discipline in an increasingly volatile global trade landscape.

Fibre2Fashion News Desk (DL)



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