Fashion
US, China edge closer to trade deal before Xi–Trump summit
Both the leaders are scheduled to meet on October 30 on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in Gyeongju, South Korea, to sign off on the deal terms.
China and the US have agreed on a gamut of contentious issues as part of a trade deal ahead of a meeting between Presidents Donald Trump and Xi Jinping later this week.
Talks on the sidelines of the ASEAN Summit in Kuala Lumpur had eliminated the threat of Trump’s 100-per cent tariffs on Chinese imports beginning November 1, US Treasury Secretary Scott Bessent said.
Trump too was optimistic about a deal.
Trump arrived in Kuala Lumpur yesterday for a summit of the Association of Southeast Asian Nations (ASEAN), his first stop in a five-day Asia tour that is scheduled to end on Thursday with a meeting with Xi.
Talks on the sidelines of the ASEAN Summit had eliminated the threat of Trump’s 100-per cent tariffs on Chinese imports beginning November 1, US Treasury Secretary Scott Bessent said.
“I would expect that the threat of the 100-per cent has gone away, as has the threat of the immediate imposition of the Chinese initiating a worldwide export control regime,” Bessent told a US TV channel.
“I think we’re going to have a deal with China,” Trump said after the weekend talks.
Bessent also said he expects China to delay implementation of its rare earth minerals and magnets licensing regime by a year while the policy is reconsidered.
“I think we have a very successful framework for the leaders to discuss on Thursday,” Bessent was quoted as saying by global newswires after he and US Trade Representative (USTR) Jamieson Greer met Chinese Vice Premier He Lifeng and top trade negotiator Li Chenggang for their fifth round of in-person discussions since May.
Both sides reached a ‘preliminary consensus’ and will next go through their respective internal approval processes, Li said.
“The US position has been tough, whereas China has been firm in defending its own interests and rights,” Li said. “We have experienced very intense consultations and engaged in constructive exchanges in exploring solutions and arrangements to address these concerns,” he added.
Both sides agreed to pause some punitive actions and found “a path forward where we can have more access to rare earths from China, we can try to balance out our trade deficit with sales from the United States,” Greer told a US TV network.
Bessent said he anticipates a tariff truce with China will be extended beyond its November 10 expiry, and China will revive substantial purchases of US soybeans after buying none in September.
Fibre2Fashion News Desk (DS)
Fashion
US textile imports steady as Cambodia, Bangladesh gain market share
China retained its position as the largest supplier with a **.** per cent market share, followed by Vietnam at **.** per cent. However, China’s share continued to slide month after month, reflecting a structural shift in sourcing. American buyers are increasingly diversifying towards Southeast and South Asia to reduce tariff exposure, mitigate geopolitical risk, counter rising production and labour costs, and build more resilient supply chains.
During January–September ****, apparel imports—the dominant product category—rose by *.** per cent to $**.*** billion, compared with $**.*** billion in the corresponding period of ****. In contrast, non-apparel imports fell by *.** per cent to $**.*** billion, as slower housing activity, cautious consumer spending, and order rationalisation by retailers softened demand for home textiles, industrial textiles, and made-ups.
Fashion
Calvin Klein opens new global flagship store in New York’s SoHo
Located at 530 Broadway in the heart of SoHo, the 3,000+ square foot selling space reaffirms Calvin Klein’s commitment to creating premium lifestyle destinations that marry the brand’s distinctive minimalism with authentic local energy. The store’s design was inspired by New York City’s signature loft apartments, creating a modern, warm environment that evokes the creative legacy of downtown New York and provides an ideal backdrop for the essential denim, underwear and apparel synonymous with the brand – while reinforcing Calvin Klein’s deep roots in the city.
Calvin Klein has opened its new global flagship at 530 Broadway in New York’s SoHo, marking a major brand homecoming and reinforcing its global lifestyle positioning.
The loft-inspired space highlights denim, underwear, apparel and accessories, alongside campaign-driven displays.
A limited-edition Calvin Klein Soho capsule debuts now, with Calvin Klein Collection pieces arriving from Spring 2026.
David Savman, Global Brand President, Calvin Klein said, “We are proud to return to one of the world’s most fashionable cities – and the birthplace of our iconic brand – with an elevated retail expression. This new global flagship, located just steps from our landmark Houston Street billboard, is a tribute to Calvin Klein’s New York heritage. It represents both the evolution of our retail experience and a tangible expression of the world of Calvin Klein. Calvin Klein embodies a distinctive, global way of living that meets culture, and this store is the latest step on our journey of taking our brand to the next level.”
“New York is central to the DNA of the Calvin Klein brand,” said Stefan Larsson, CEO, PVH Corp. “This homecoming is a key milestone as we build Calvin Klein into one of the most desirable lifestyle brands in the world. Step by step, we’re deepening brand relevance, driving consumer engagement and strengthening brand positioning across North America and globally.”
The store showcases Calvin Klein’s lifestyle offering through curated spaces framed against the latest marketing campaigns. Denim and underwear anchor the experience, complemented by men’s and women’s apparel and accessories to round out the world of Calvin Klein. Key styles from Calvin Klein Collection, the pinnacle expression of the brand, will be available during designated times beginning in Spring 2026. As part of the opening, the store will house a limited-edition capsule featuring tees, fleece sweatshirts, hats and totes emblazoned with custom Calvin Klein Soho branding in navy, cobalt, grey and white colorways.
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)
Fashion
US container imports drop 5.4% in November: Descartes
US container imports fell 5.4 per cent MoM to 2.18 million TEUs in November 2025, driven mainly by an 11.3 per cent decline from China.
Volumes were also 7.8 per cent lower YoY, though still the fourth-strongest November on record.
Southeast Asia posted solid growth, but China’s sharp contraction dominated, signalling a cautious year-end outlook amid trade and shipping uncertainty.
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