Technical textiles market expected to reach $284 billion by 2029

March 23, 2025  |  Industry News, News

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 for…
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Tariffs on steel and aluminum begin, Canada imposes reciprocal tariffs

March 13, 2025  |  Industry News, News

Twenty-five percent tariffs on steel and aluminum imports to the U.S. began March 12. In response, Canada has imposed reciprocal tariffs on various U.S. products, including a 25% tariff on steel imports. The country has also increased taxes on tools, computers and servers, sports equipment, display …
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Mexico and Canada tariffs paused until April 2

March 6, 2025  |  Industry News, News

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 w…
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As tariffs begin, auto industry given one-month exemption

March 5, 2025  |  Industry News, News

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.
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Consumer spending fell for first time in nearly two years

March 3, 2025  |  Industry News, News

Consumer spending in the U.S. dropped 0.2 percent in January—the first monthly decline since March 2023.
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Public comments on trade open, tariffs begin next week

February 27, 2025  |  Industry News, News

The USTR opened its invitations last week for public comments on foreign trade practices and the Section 301 sanctions on China as tariffs are slated to begin.
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Leigh Fibers hits post-consumer textile waste milestone

February 13, 2025  |  Industry News

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 …
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Tariff on China goes into effect, tariffs on Mexico and Canada pause for 30 days

February 4, 2025  |  Industry News

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, whic…
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