Trump says US-India tariff talks going great, trade deal expected soon

The US government’s tariff talks with India are going great and both will reach a trade agreement soon, President Donald Trump told reporters at the White House recently.
Treasury secretary Scott Bessent also said earlier this week that India could be one of the first to sign a trade deal with the US.
This was the second in-person discussion since the February announcement about the talks.Read More

01.05.2025Comments Off
Trade realignments may boost Turkiye’s apparel export potential

Turkish garment industry is emerging as a leading sourcing hub amid shifting trade dynamics, driven by EU trade access and strong sustainability credentials.
With geopolitical pressures reshaping global apparel supply chains, brands are turning to Turkiye for high-quality, eco-conscious production.
Rising nearshoring demand and trade realignments further reinforce its strategic sourcing appeal.Read More

01.05.2025Comments Off
ICE cotton drops further on sluggish US economic outlook

ICE cotton futures fell for the fourth straight session, weighed down by weaker US economic data and falling crude oil prices.
The July 2025 contract dropped to 66.02 cents per pound, down 0.47 cent, with broader losses seen across contracts.
US GDP shrank by 0.3 per cent in Q1, sparking stock market volatility and dampening cotton sentiment.
Cheaper crude also made polyester more competitive.Read More

01.05.2025Comments Off
Austria’s Andritz’s orders surge 20%, revenue declines 6.6% in Q1 2025

Andritz has reported an increase of 20 per cent YoY in Q1 2025 order intake, led by strong growth in Pulp & Paper and Hydropower.
However, revenue declined 6.6 per cent to €1,761 million (~$1.88 billion) due to weakness in Pulp & Paper and Metals.
Net income fell to €89 million (~$95.2 million).
Andritz reaffirmed its 2025 guidance and noted no immediate impact from rising global tariffs.Read More

01.05.2025Comments Off