Fashion
Trump to impose 100% tariff if Canada goes ahead with China trade deal
“If Governor [Prime Minister Mark] Carney thinks he is going to make Canada a “Drop Off Port” for China to send goods and products into the United States, he is sorely mistaken. China will eat Canada alive, completely devour it, including the destruction of their businesses, social fabric, and general way of life, Trump said in a Truth Social post.
President Donald Trump has threatened to impose 100-per cent tariffs on goods imported from Canada if the latter decides to go ahead with its trade deal with China.
“If Canada makes a deal with China, it will immediately be hit with a 100-per cent tariff against all Canadian goods and products coming into the USA,” he said.
Canada and China have reached a preliminary trade agreement.
“If Canada makes a deal with China, it will immediately be hit with a 100-per cent tariff against all Canadian goods and products coming into the USA,” he added.
“Canada and China have reached a preliminary but landmark trade agreement to remove trade barriers and reduce tariffs,” Carney told a press conference after meeting Chinese President Xi Jinping.
The spat between Carney and Trump escalated over the past week, beginning with Carney’s address at the World Economic Forum in Davos where the former cautioned about a ‘fracture’ in the US-led global order without directly naming Trump.
“Canada doesn’t live because of the United States. Canada thrives because we are Canadian,” Carney said in a national address later.
Fibre2Fashion (DS)
“The price weakness was most evident in the 18.5–21 micron Merino fleece range, particularly in Southern and Western regions, where declines of 40–60 cents were recorded. Crossbred wool prices also eased, while the Northern market showed some firmness in 20–21 microns,” said Australian Wool Innovation (AWI) in its week 39 commentary.
Australian wool prices declined this week, with the Eastern Market Indicator (EMI) falling 27 cents to 1,724 c/kg amid buyer caution and rising logistics costs.
Weakness was led by Merino fleece, while crossbreds also eased.
Strong auction volumes and increased supply reduced competition, signalling a pause after sustained price gains.
Market sentiment was impacted by increased supply, with offerings nearing 40,000 bales. Pass-in rates stood at 9 per cent nationally and over 13 per cent in the West, signalling growing seller resistance. Despite lower annual production, supply levels remain elevated, partly supported by broker and farm-held stocks, the AWI commentary noted.
Rising freight costs linked to Middle East tensions and sustained supply are expected to test market stability. Around 37,815 bales are scheduled for sale next week, the AWI commentary added.
Fibre2Fashion News Desk (CG)
Ukraine’s apparel imports increased from $***.*** million in **** and $***.*** million in ****, reflecting a steady recovery in demand. However, Turkiye’s exports dropped to $***.*** million in ****, reducing its share to **.** per cent from **.** per cent in **** and a dominant **.** per cent in ****, when it was the leading supplier, according to *fashion.com/market-intelligence/texpro-textile-and-apparel/” target=”_blank”>sourcing intelligence tool TexPro.
China emerged as the top supplier in ****, with shipments valued at $***.*** million, accounting for **.** per cent of total imports, only marginally higher than **.** per cent in ****. Bangladesh continued its strong growth trajectory, supplying $***.*** million and capturing a **.** per cent share, up significantly from **.** per cent in ****.
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