Fashion
US, Canadian, Mexican trade bodies urge US govt to extend USMCA
NCTO expressed strong support for preservation of the current exemption of USMCA-qualifying trade from International Emergency Economic Powers Act (IEEPA) tariffs imposed to curb the flow of illicit fentanyl and illegal migration, while also calling for a similar exemption for qualifying trade under the Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR) currently subject to IEEPA reciprocal tariffs, in public comments submitted to the US Trade Representative’s (USTR) office.
Welcoming the review of the US-Mexico-Canada Agreement (USMCA), the US National Council of Textile Organizations recently urged the US administration to strengthen and extend the trade deal.
Meanwhile, AAFA and nine other fashion and retail trade bodies from the US, Canada and Mexico also wrote to the USTR requesting him to preserve the trilateral pact and extended it for 16 more years.
Meanwhile, the American Apparel & Footwear Association (AAFA) and nine other fashion and retail trade bodies from the United States, Canada and Mexico also wrote to the USTR requesting him to preserve the trilateral agreement and extended it for 16 more years.
“The USMCA’s clear, predictable rules of origin have been critical for our industries, and we believe overly burdensome and complex requirements would create unnecessary barriers and increase costs for businesses and working families,” they wrote.
“Further, maintaining duty-free access for USMCA-qualifying goods and avoiding additional tariffs, including under Section 232 of the Trade Expansion Act of 1962, for such goods is essential to enhancing supply chain integration and ensuring the region remains globally competitive,” the trade bodies said.
“We also urge the Administration to provide sufficient advance notice and clear compliance guidance prior to making any changes to the agreement,” they said.
The US textile industry ships $12.3 billion, or 53 per cent, of its total global textile exports to Mexico and Canada—by far the largest export markets for American textile producers. Those component materials often come back as finished products to the United States under the USMCA.
Key areas outlined by the NCTO for improvement of the USMCA include preserving and strengthening the agreement’s yarn-forward rule of origin, by limiting harmful exceptions to the rule, such as tariff preference levels and single transformation rules that weaken regional supply chains and disadvantage US manufacturers, and strengthening USMCA customs enforcement cooperation.
Fibre2Fashion News Desk (DS)
Fashion
BRC calls for retailer collaboration on net zero emissions
Its new UK Retail 2025 Net Zero Stocktake report uses improved real-world data to assess industry progress, challenges and priorities on the path to net zero.
Using improved data quality and broader coverage, the report provides a clearer picture of industry emissions. The accompanying survey shows strong progress, with 91 per cent of retailers having established and publicly reported GHG baselines, four in five fleet drivers trained in fuel efficiency programmes, and 90 per cent of new retail buildings using LED lighting.
The British Retail Consortium (BRC) has urged retailers to strengthen collaboration across the value chain to tackle scope 3 emissions from supply chains and customer use.
Its new UK Retail 2025 Net Zero Stocktake report uses improved real-world data to assess progress, barriers and priorities for the retail industry’s transition toward net zero.
Yet with over 93 per cent of retail emissions falling outside of direct control, substantive industry progress depends on joined-up retailer collaboration to influence global suppliers into action, British consumers toward large-scale behaviour change, and UK government into supportive policy.
The report shows that only a third (30 per cent) of the very biggest suppliers provide GHG emissions data and 70 per cent of products do not have information for consumers on responsible sourcing.
Progress in these areas has been held up by systemic challenges, including policy uncertainty, supply chain complexity, financial pressures, and technological limitations.
The BRC will continue to support retailers to deliver the transformative change needed by convening cross-industry stakeholders, continuing to track annual progress, and shaping policy to unlock investment and drive momentum.
“In 2020, we launched the Climate Action Roadmap to set the ambition for UK retail to reach net zero by 2040. Five years on, we must use the takeaways from this report to drive the industry from collective ambition to a step change in collaborative action. The climate emergency is no longer tomorrow’s problem. It is here today; disrupting supply chains, driving shortages, increasing costs for households – and threatening the long-term stability and resilience of UK retail. Climate change is a very real risk to businesses and the consequences of inaction are simply too big to ignore. We need more radical collaboration between companies to bring down emissions and step up the drive to net zero,” Helen Dickinson, CEO of the BRC, said.
Fibre2Fashion News Desk (RR)
Fashion
South Indian cotton yarn supported by higher fibre, Tiruppur prices up
The Tiruppur market recorded a price rise of ****;*–* per kg as mills attempted to pass on higher cotton costs, although local demand remained weak. A trader from Tiruppur told Fibre*Fashion, “Tamil Nadu and other states’ spinning mills are raising prices to cover higher cotton costs. They want to increase prices by *–* per cent to fully offset rising production costs, but domestic consumer industry support is lacking. Summer demand is unlikely to pick up before January. The weakening rupee against the US dollar has also provided relief, as mills can compete better in export markets.”
In Tiruppur, knitting cotton yarn prices were noted as ** count combed cotton yarn at ****;***–*** (~$*.**–*.**) per kg (excluding GST), ** count combed cotton yarn at ****;***–*** (~$*.**–*.**) per kg, ** count combed cotton yarn at ****;***–*** (~$*.**–*.**) per kg, ** count carded cotton yarn at ****;***–*** (~$*.**–*.**) per kg, ** count carded cotton yarn at ****;***–*** (~$*.**–*.**) per kg and ** count carded cotton yarn at ****;***–*** (~$*.**–*.**) per kg.
Fashion
Pat McGrath Labs explores asset sale
Published
December 21, 2025
Pat McGrath Labs is undergoing a restructuring and recapitalisation process, according to multiple reports.
As part of the process, the company is reviewing its assets, with some — including its trademark and logo — potentially set to be sold through a formal sale process. Bids are due by January 26, with an auction scheduled for the following day. The process is being managed by U.S.-based financial services firm Hilco Global.
Founded by British makeup artist Dame Pat McGrath, the brand celebrated its 10th anniversary in October. Pat McGrath Labs rose rapidly following its launch and reached unicorn status in 2018 after securing an investment from Eurazeo that valued the company at more than $1 billion.
In recent years, however, the brand has faced operational challenges, alongside executive turnover and layoffs, and its valuation is now widely reported to be a fraction of its former peak.
The development comes just one year after McGrath was named creative director of Louis Vuitton’s debut makeup line, La Beauté, which launched this summer.
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