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US–APAC trade deals offer stability, modest GDP boost: Fitch

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US–APAC trade deals offer stability, modest GDP boost: Fitch



The recent series of bilateral trade agreements between the US and several Asia-Pacific (APAC) countries have reduced uncertainty around the outlook for Asia’s exporters and could provide a slight lift to gross domestic product (GDP) over the next few years for the countries involved, according to Fitch Ratings.

Between October 20 and 30, the US finalised trade pacts with China, Japan, Korea, Vietnam, Malaysia, Thailand, Australia, and Cambodia. The most notable change is the halving of the 20 per cent US tariff on Chinese goods linked to fentanyl-related categories, effectively lowering China’s average tariff rate by around 10 percentage points (pps), Fitch said in its latest commentary.

Both nations have also agreed to pause new restrictions on critical exports—such as China’s rare earth curbs and the US licensing expansions—creating a temporary reprieve in escalating trade tensions.

US-APAC trade deals with eight nations, including China, Japan, Korea, and Vietnam, ease uncertainty and may modestly lift regional GDP, according to Fitch Ratings.
The halving of US tariffs on Chinese goods and paused export curbs could boost confidence and investment.
Benefits will be gradual and uneven, with India still excluded and fiscal risks rising in some APAC economies.

Fitch expects the new arrangements to provide a mild uplift to growth in China, the US, and indirectly to key export-oriented economies like Korea and Vietnam during 2026–2027. Greater tariff stability is anticipated to restore business confidence, enabling medium- and long-term supply-chain investments, particularly in Malaysia, Thailand, and Vietnam. Meanwhile, new commitments on rare earth sourcing could attract investment into Southeast Asia and Australia, though the macroeconomic impact will be modest in the near term.

Fitch foresees Korea’s export growth slowing in 2026 due to lingering US tariffs and softer demand from China. Japan and Korea’s promised investments in US industries may also pressure foreign-exchange reserves and carry sovereign credit implications if executed aggressively.

Several APAC economies, including Indonesia, Korea, the Philippines, and Thailand, have adopted looser fiscal policies to offset risks from US tariff actions. Fitch warned that such fiscal expansion could hinder debt consolidation efforts, a key rating sensitivity for these sovereigns.

India remains outside the recent deal framework, leaving its exports exposed to a 50 per cent US tariff—significantly higher than for most other Asian partners. The absence of a deal may weaken its competitiveness, though discussions for a future accord are ongoing.

Fitch concluded that while the US–APAC trade deals mark a stabilising shift after years of volatility, the benefits will be gradual and uneven. Key uncertainties—tariff implementation, investment follow-through, and geopolitical risks—will determine whether the agreements translate into sustained regional growth.

Fibre2Fashion News Desk (SG)



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Did Bangladesh’s T&A sector borrowers contribute to rising NPL?

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Did Bangladesh’s T&A sector borrowers contribute to rising NPL?



By June ****, the banking sector in Bangladesh was standing on precarious ground: total loans had reportedly climbed to Taka **,**,*** crore, and yet in just three months, defaults ballooned by Taka ***,*** crore, while on a year-on-year basis, the increase in non-performing loans (NPLs) hit Taka ***,*** crore.

According to reports, in June ****, the default loan figure stood at Taka ***,*** crore, indicating that defaults have nearly tripled in a single year.



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KaDeWe: New general manager appointed, joining from PVH

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KaDeWe: New general manager appointed, joining from PVH


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November 6, 2025

KaDeWe has a new head: Sandra Swiderski has recently taken up the position of general manager of the Berlin luxury department store. The 42-year-old succeeds Oliver Kramny, who stepped down as head of KaDeWe for health reasons.

New general manager in Berlin: Sandra Swiderski. – KaDeWe

Sandra Swiderski reports to Norman-Henner Plattner, director, stores. With around 18 years’ experience in international fashion retail, she brings extensive leadership expertise and deep market insight, according to the department store.

From 2014 to 2019, Swiderski served as general manager, sales at Peek & Cloppenburg Düsseldorf, overseeing sales across several stores, including the flagship locations in Berlin (Tauentzienstraße) and Vienna (Kärntner Straße). She subsequently led the development and implementation of international business strategies as country manager retail.

Most recently, she was responsible for process and performance optimisation as retail area manager DACH at PVH Brands Austria.

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Casablanca opens its first store in the United States, in Los Angeles

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Casablanca opens its first store in the United States, in Los Angeles


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November 6, 2025

Five months after opening its first boutique on Rue du Faubourg Saint-Honoré in Paris, the Casablanca brand and its founder and artistic director Charaf Tajer announced on Thursday the opening of their first boutique in the United States, at 469 North Rodeo Drive in Beverly Hills. 

Casablanca store at 469 North Rodeo Drive, Beverly Hills – Josh Cho

Located at the corner of Santa Monica Boulevard and Rodeo Drive, the boutique pays tribute to Los Angeles, a city that has been a source of inspiration for Tajer.

“When I was younger, I’d go to LA and be quite obsessed by its many cultures: from skateboarding, cinema, music, the Chicano culture, the architecture and design movements”, said Tajer. “The city is a living paradox. It’s a sunny place by the sea, but it can also be tough and extreme. This utopia of America offset by its grittiness, the fast-paced business and the celebrity. This has many messages, but this raw mix of industry and subculture creates a unique harmony that makes the city. It’s the same philosophy we explore at Casablanca. We love juxtapositions that create something new, that’s our design ethos.” 

The new flagship store occupies a former bank located in a 20th-century building with soaring ceilings over 10 meters high. The impressive façade features a series of large arches.

A giant sculpted foot stands in the middle of the store, echoing the Greek architecture of the building.
A giant sculpted foot stands in the middle of the store, echoing the Greek architecture of the building. – Josh Cho

Tajer and Steve Grimes, the brand’s artistic director, discovered the location about two years ago and transformed the building into a store that reflects Casablanca’s philosophy, preserving its monumental Greek-inspired architecture and reinterpreting it through a contemporary lens.

“LA is a cultural institution”, adds Grimes. “There is an alluring energy within the city, and having a store in such a prestigious location feels like we are now part of that cultural heritage. Since my first visit, driving down the freeway from LAX and experiencing the views firsthand had an almost nostalgic feel to it – the world has such exposure to the city through cinema, music and entertainment that we have a sense of emotional connection to it.”
 
Inside the store, a custom-designed audio system by Void makes music a central part of the Casablanca brand identity. In the center, a huge sculpted foot echoes movement and sport. A carmine red wall and antique and modern brushed metal furniture enrich the decor. Airy spaces alternate with more intimate areas punctuated by a few Greek columns.

Greek columns and carmine red set the tone for the decor.
Greek columns and carmine red set the tone for the decor. – Josh Cho

“Each store we open is about creating something timeless yet modern, with its own personality, but in our Casablanca design language and our handwriting”, continues Tajer. “LA is a home for Casablanca: it’s a place for our community to enjoy our world. We wanted a place where DJs can come play and people can hang out and talk about art and design. Opening our second store here is a tribute to a place that has really shaped us.”
 
Long known in the Parisian nightlife scene – he was notably artistic director of the Pompon parties – the Moroccan-born Frenchman was also co-founder of the Pigalle label alongside designer Stéphane Ashpool. Twenty years of experience, parties, travel and networking led him to launch his own brand in 2018.

A gradual but serious success, which led the brand to show at Paris Fashion Week a year later. Its second show, which transformed the gardens of the Musée de Montmartre into the “Café de Casablanca”, attracted a huge turnout of celebrities and guests from New York and California.
 
In recent years, the brand has also forged numerous collaborations. In 2022, Tajer added his tropical graphic signature to a collection of Bulgari bags. In 2023, he teamed up with Caviar Kaspia for a capsule ready-to-wear collection and a limited-edition caviar tin. The brand has also collaborated with S.T. Dupont and Nordstrom, organized memorable parties during Art Basel Miami, and opened its Casablanca Tennis Club in Abu Dhabi last February.
 

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