Global Scans · Beauty & fashion · Weekly Summary

WHAT'S NEXT?: Wearables, 3D printing, sensors and other technological advancements are likely to change the world of perceived beauty and fashion towards more integrative, online services. Find out how body scanners and conductive clothing will help us live better, more healthy lives and the downside risks emanating from those who would seek to interfere with them.

• [New] Trump's proposed economic policies, including sweeping tariffs and the elimination of duty-free loopholes, will have major implications for the fashion industry. IMD business school for management and leadership cours
• [New] As a key player in textile and clothing manufacturing, India faces both obstacles and opportunities in advancing sustainable practices, contributing to a global movement toward environmentally conscious fashion. FranchiseBazar
• [New] Other British goods categories which will face lower tariffs include cosmetics, aerospace, lamb, medical devices, salmon, electrical machinery, soft drinks, chocolate and biscuits. The Indian Express
• [New] Boost to Exports and Domestic Industry In India: The UK will eliminate tariffs on a wide range of Indian goods - textiles, footwear, auto components, gems and jewelry, engineering goods, etc. PWOnlyIAS
• [New] Medical and consumer goods: British exports such as medical devices, cosmetics, electrical machinery, chocolate, biscuits, and salmon will face significantly lower duties. Invezz
• [New] British shoppers could see cheaper prices and more choice on products including clothes, footwear, and food products including frozen prawns as the UK liberalises tariffs. SKY
• [New] For Indian consumers, there will be reduced tariffs on cosmetics, aerospace, lamb, medical devices, salmon, electrical machinery, soft drinks, chocolate and biscuits. SKY
• [New] The agreement - the most significant since the UK left the EU - will see tariffs slashed on cosmetics and medical devices and is expected to boost GDP by £4.8bn. SKY
• [New] American consumers will turn toward second-hand clothing, since inflation has brought consumers to look closely at prices. FORDHAM POLITICAL REVIEW
• [New] Proximity and Local Sourcing: Fabric suppliers USA and clothing material suppliers will become integral to sourcing strategies, as brands seek to secure their supply chains and boost sustainability by sourcing locally. Fabriclore
• [New] Trump's policies risk a sudden economic slowdown as consumers and businesses could face sharp price hikes on autos, clothes, and other goods. New Telegraph
• [New] The threat of higher US tariffs is prompting Indian exporters of textiles, engineering goods, electronics, gems and jewelry to rethink their strategies to stay competitive. Yahoo News
• Without intervention, the fashion industry is projected to use 35% more land by 2030 - an area equivalent to 115 million hectares - roughly the size of Ethiopia-highlighting the urgent need for sustainable land management practices. UNCCD
• As global players, fashion brands have the opportunity to work on global solutions to eliminate the use of hazardous substances throughout their product lines, and to drive a change in practices throughout their supply chains. Greenpeace International
• The fashion industry's losses could be the resale market's gain, since the American Apparel and Footwear Association estimates that upwards of 97% of the clothing and shoes sold in the U.S. are imported and will be subject to tariff duties. Forbes
• As gold prices rise and financial needs increase, gold loans will continue to remain one of the most preferred ways for Indians to unlock the value of their jewelry without selling it. Invest Policy
• The growing trade tensions between the US and China are not expected to have an immediate impact on the partnership between Reliance Retail, an Indian retail company, and Chinese fast fashion giant Shein. Haldanes
• Eg: Products like textiles and gems & jewelry, which are major export items to the U.S., might see a drop in sales due to increased tariffs. Civilsdaily
• Other countries would have opportunities to fill the gap in the U.S. in sectors like textiles and clothing. Yahoo Finance
• By the 2025 holiday season, consumers will definitely feel it - prices for many diamond jewelry pieces could be easily 10-20% higher than a year prior due to the combined effect of tariffs and normal inflation. Shahla Karimi
• Since China is not the primary supplier for fine jewelry materials (apart from being a source of some finished jewelry and synthetic gems), the jewelry industry might refocus sourcing elsewhere rather than await a China deal. Shahla Karimi
• Indian officials expressed hope that an agreement could be reached in the next few months (potentially by mid to late 2025) that would reverse the U.S. tariffs on Indian gems and jewelry. Shahla Karimi
• Higher Input Costs: U.S. manufacturers who make jewelry domestically will face higher costs for crucial inputs - especially diamonds and gemstones. Shahla Karimi

Last updated: 12 May 2025