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Technical textiles market expected to reach $284 billion by 2029
March 23rd, 2025
Image: BCC Research According to the latest study from BCC Research, "Technical Textiles: Global Markets," the technical textiles market is expected to grow from $213.8 billion in 2024 to $284 billion by the end of 2029, at a compound annual growth rate (CAGR) of 5.8% during the forecast period of 2024–2029. Technical textiles are engineered to provide characteristics such as […]
Mexico and Canada tariffs paused until April 2
March 6th, 2025
President Donald Trump announced March 6 that he would pause the 25% tariffs on U.S. imports from Mexico and Canada covered under the United States-Mexico-Canada Agreement (USMCA) until April 2. The president initially announced a delay in Mexico tariffs in a social media post after a conversation with President Claudia Sheinbaum March 6. Later that […]
As tariffs begin, auto industry given one-month exemption
March 5th, 2025
Imports from Canada and Mexico to U.S. automakers were given a one-month exemption to new tariffs on goods from these two countries, which began March 4. This decision by President Donald Trump comes after a March 5 conversation with three leading U.S. auto manufacturers: Ford, General Motors and Stellantis. The administration indicated this would be […]
Consumer spending fell for first time in nearly two years
March 3rd, 2025
Consumer spending in the U.S. dropped 0.2% in January—the first monthly decline since March 2023. The U.S. Bureau of Economic Analysis measures spending through the Personal Consumption Expenditures (PCE) index, and it decreased $30.7 billion. The bureau said that this reflected a $76.7 billion decrease in spending for goods and a $46.0 billion increase in […]
Leigh Fibers hits post-consumer textile waste milestone
February 13th, 2025
Image: Leigh Fibers Leigh Fibers, a recycled fiber products producer based in Wellford, S.C., announced that the company's facility in Brownsville, Texas, has recycled more than half a billion pounds of post-consumer textile waste since the facility's opening in the late 1990s. “We are proud to have been one of the first to engage the […]
Tariff on China goes into effect, tariffs on Mexico and Canada on pause for 30 days
February 4th, 2025
President Donald Trump has paused tariffs on Mexico and Canada for 30 days following conversations with Mexican President Claudia Sheinbaum and Canadian Prime Minister Justin Trudeau. The president initially signed executive orders imposing 25% tariffs on the two countries on Saturday, Feb. 1, which were expected to go into effect on Tuesday, Feb. 4. The president […]
AATCC, SEAMS to hold inaugural conference in October
February 4th, 2025
The American Association of Textile Chemists and Colorists (AATCC) and SEAMS announced the organizations have partnered to host a joint event, the Fabricating the Future 2025 Annual Conference. The inaugural event will take place Oct. 5–7 at the Westin Savannah Harbor Golf Resort & Spa in Savannah, Ga., and will offer networking and other professional […]
President Trump announces tariffs on Canada, Mexico and China
February 1st, 2025
President Donald Trump signed executive orders imposing tariffs on imports to the United States from Canada, Mexico and China beginning Tuesday, Feb. 4. Tariffs on imports from Canada and Mexico will be set at 25% while Chinese imports will be set at 10%. More information about the tariffs on imports from Canada can be found […]
President Trump announces tariff plans for Canada and Mexico
January 21st, 2025
Creative Commons United States Capitol by William Warby is licensed under CC BY 2.0 President Donald Trump announced Jan. 20 that his administration plans to impose a 25% tariff on Mexico and Canada. This tariff would take effect Feb. 1. He also announced Jan. 21 plans to impose tariffs on the European Union. His administration […]
U.S. CBP proposes new rule to strengthen enforcement, limit duty exemption for low-value shipments
January 17th, 2025
Image: Dreamstime.com/© Dzmitry Auramchik U.S. Customs and Border Protection (CBP) announced Jan. 17 a Notice of Proposed Rulemaking (NPRM) aimed at tightening the de minimis duty exemption for certain low-value shipments entering the U.S. The proposed changes would make certain products ineligible for the exemption, which currently allows goods valued at $800 or less to […]