The United States and China signed an initial trade deal on Wednesday that will roll back some tariffs and boost Chinese purchases of U.S. products, defusing an 18-month row between the world’s two largest economies.
After a bumpy few years, luxury brands are re-committing to China's market as a weaker yuan and the US trade war funnel more Chinese high-end spending back home, Tiffany & Co CEO Alessandro Bogliolo said in an interview.
Hong Kong's political unrest is posing a dilemma for Alibaba Group on the timing of its planned $15 billion listing in the city, with sources saying the Chinese e-commerce company is now considering several timetables.
Chinese brand ambassadors of fashion labels from Coach to Givenchy have severed ties with the companies over products which they said violated China's sovereignty by identifying Hong Kong and Taiwan as countries.
The United States and China agreed on Saturday to restart trade talks after President Donald Trump offered concessions including no new tariffs and an easing of restrictions, in order to reduce tensions with Beijing.
More than half Chinese consumers have avoided buying anything made in the United States in support of their country in an escalating trade war, a survey suggests, posing a “significant” risk to U.S. companies.
China's retail sales are expected to grow at a slower-than-anticipated pace and would now overtake the United States only in 2021 as the trade war between Beijing and Washington takes a toll on demand.
If the United States were to impose tariffs on another $300 billion worth of Chinese goods, it would cost U.S. consumers $6.9 billion more for their apparels and footwear, the National Retail Federation said on Friday.