• Education
    • Higher Education
    • Scholarships & Grants
    • Online Learning
    • School Reforms
    • Research & Innovation
  • Lifestyle
    • Travel
    • Food & Drink
    • Fashion & Beauty
    • Home & Living
    • Relationships & Family
  • Technology & Startups
    • Software & Apps
    • Startup Success Stories
    • Startups & Innovations
    • Tech Regulations
    • Venture Capital
    • Artificial Intelligence
    • Cybersecurity
    • Emerging Technologies
    • Gadgets & Devices
    • Industry Analysis
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy
Today Headline
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
Today Headline
No Result
View All Result
Home Business & Finance

China blacklists American clothing brand over shocking claims todayheadline

February 5, 2025
in Business & Finance
Reading Time: 3 mins read
A A
0
China blacklists American clothing brand over shocking claims
14
SHARES
30
VIEWS
Share on FacebookShare on Twitter


Just after President Donald Trump’s 10% tariffs on all goods imported into the U.S. from China went into effect on Tuesday, the Ministry of Commerce of the People’s Republic of China made a shocking announcement that accused a well-known American clothing company of willingly committing harmful actions against the country.

💰💸 Don’t miss the move: SIGN UP for TheStreet’s FREE Daily newsletter 💰💸

This jaw-dropping announcement could potentially lead to more American companies landing in the same detrimental position since China has already started investigations against other U.S.-based companies. 

Related: Major tequila company makes huge tariff announcement

Even though this is the first officially reported incident post-Trump tariffs implementation, it raises the question of whether it could signal the beginning of several forms of retaliation from China against the U.S.

American multinational clothing fashion brands Tommy Hilfiger and Calvin Klein Jeans are seen at a shopping mall in Hong Kong.

SOPA Images/Getty Images

China’s Ministry of Commerce blacklists PVH from doing business in its country 

The Ministry of Commerce of the People’s Republic of China announced that the American company PVH had been placed on the country’s “Unreliable Entity List,” essentially blacklisting it.

PVH Corp.  (PVH)  is an American clothing company that owns Tommy Hilfiger and Calvin Klein brands.

Related: Popular beauty brand makes startling announcement about mass layoffs

According to the Xinhua news agency, China’s Ministry of Commerce released a statement on Tuesday claiming that PVH had “violated normal market trading principles, terminated regular trade with Chinese companies, and adopted discriminatory measures against Chinese companies, thus severely harming their legitimate rights and interests.”

Although the exact implications of this harsh decision have yet to be announced for PVH specifically, it could affect the company’s finances and future investments in the country since it can potentially restrict exports and imports, ban the company from conducting business in China, or lead to fines and other penalties.

As stated in the Provisions on the Unreliable Entity List of China’s Ministry of Commerce, these provisions are stipulated in accordance with China’s Foreign Trade Law, its National Security Law, and other relevant laws to “safeguarding national sovereignty, security and development interests, maintaining fair and free international economic and trade order, protecting the legitimate rights and interests of enterprises, other organizations, and individuals of China.”

The U.S. signs a law to ban imports from China’s Xinjiang region over forced labor concerns

In 2021, Former President Joe Biden signed the Uyghur Forced Labor Prevention Act that banned imports from China’s Xinjiang region because it posed labor concerns that abused human rights. This act aims to prevent forced labor-made goods from entering the U.S.

However, China’s Ministry of Commerce said it opposed the ban because it would harm consumers’ and companies’ interests in the U.S. and China. It also argued that the Chinese government already has laws in place that ban forced labor.

In September of last year, China began an investigation on PVH after the company refused to source cotton from the Xinjiang region, which the Chinese government states violates normal market transactions since it essentially boycotts Xinjiang-sourced cotton.

PVH being placed on China’s Unreliable Entity list could hurt business

Although PVH doesn’t split its brand’s earnings by specific regions, it does differentiate the International entities from the North American ones.

According to PVH’s third-quarter earnings report for 2024, Calvin Klein International’s revenue increased by 1% compared to the year prior, making it more profitable than its North American entity, which decreased by 9%. As for Tommy Hilfiger International, its revenue was flat, although it is more profitable than its North American entity, which declined by 3%.

The overall revenue in PVH’s international businesses was flat compared to the prior year period, which the company attributes partly to its expansion plans in Asia Pacific.

More Retail News:

  • Academy makes major change in supply amid Trump tariffs
  • LVMH delivers concerning news about the future of alcohol
  • Cartier owner flags major shift in shopping trends

Because the brands’ international sectors are more profitable than their North American ones, landing on China’s Unreliable Entity List will negatively affect the company’s finances and the reputation of its brands, which have a presence in nearly every Chinese province. 

As of Wednesday’s market open, PVH’s stock is down nearly 1.4%. However, the company’s shares have steadily declined over the last few years. 

Related: Veteran fund manager issues dire S&P 500 warning for 2025

Tags: AmericanblacklistsbrandChinaclaimsclothingshockingtodayheadline
Previous Post

BlackRock set to launch Bitcoin ETFs in Europe – Reuters todayheadline

Next Post

Davis: North Carolina to add staff to manage NIL, transfers todayheadline

Related Posts

Stocks jump in Japan, Taiwan on trade optimism; bitcoin soars

Stocks jump in Japan, Taiwan on trade optimism; bitcoin soars todayheadline

May 9, 2025
5
ET logo

“If Pakistan says it’s retaliating… “: India HC to UK Doraiswami questions Pakistan’s reprisal to Op Sindoor todayheadline

May 9, 2025
6
Next Post

Davis: North Carolina to add staff to manage NIL, transfers todayheadline

  • Trending
  • Comments
  • Latest
Family calls for change after B.C. nurse dies by suicide after attacks on the job

Family calls for change after B.C. nurse dies by suicide after attacks on the job

April 2, 2025
Pioneering 3D printing project shares successes

Product reduces TPH levels to non-hazardous status

November 27, 2024

Hospital Mergers Fail to Deliver Better Care or Lower Costs, Study Finds todayheadline

December 31, 2024

Police ID man who died after Corso Italia fight

December 23, 2024
Harris tells supporters 'never give up' and urges peaceful transfer of power

Harris tells supporters ‘never give up’ and urges peaceful transfer of power

0
Des Moines Man Accused Of Shooting Ex-Girlfriend's Mother

Des Moines Man Accused Of Shooting Ex-Girlfriend’s Mother

0

Trump ‘looks forward’ to White House meeting with Biden

0
Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

0

Edmonton Oilers take 2-0 series lead with 5-4 win over Golden Knights in overtime thriller

May 9, 2025
Israel's fire still burns: Reflecting on symbolism of remembrance days

Israel’s fire still burns: Reflecting on symbolism of remembrance days

May 9, 2025
Stocks jump in Japan, Taiwan on trade optimism; bitcoin soars

Stocks jump in Japan, Taiwan on trade optimism; bitcoin soars todayheadline

May 9, 2025
ET logo

“If Pakistan says it’s retaliating… “: India HC to UK Doraiswami questions Pakistan’s reprisal to Op Sindoor todayheadline

May 9, 2025

Recent News

Edmonton Oilers take 2-0 series lead with 5-4 win over Golden Knights in overtime thriller

May 9, 2025
3
Israel's fire still burns: Reflecting on symbolism of remembrance days

Israel’s fire still burns: Reflecting on symbolism of remembrance days

May 9, 2025
4
Stocks jump in Japan, Taiwan on trade optimism; bitcoin soars

Stocks jump in Japan, Taiwan on trade optimism; bitcoin soars todayheadline

May 9, 2025
5
ET logo

“If Pakistan says it’s retaliating… “: India HC to UK Doraiswami questions Pakistan’s reprisal to Op Sindoor todayheadline

May 9, 2025
6

TodayHeadline is a dynamic news website dedicated to delivering up-to-date and comprehensive news coverage from around the globe.

Follow Us

Browse by Category

  • Africa
  • Asia
  • Basketball
  • Business & Finance
  • Climate Change
  • Crime & Justice
  • Economic Policies
  • Elections
  • Entertainment
  • Entrepreneurship
  • Environmental Policies
  • Europe
  • Football
  • Gadgets & Devices
  • Health
  • Medical Research
  • Mental Health
  • Middle East
  • Motorsport
  • Olympics
  • Politics
  • Public Health
  • Relationships & Family
  • Science & Environment
  • Software & Apps
  • Space Exploration
  • Sports
  • Stock Market
  • Technology & Startups
  • Tennis
  • Travel
  • Uncategorized
  • Us & Canada
  • Wildlife & Conservation
  • World News

Recent News

Edmonton Oilers take 2-0 series lead with 5-4 win over Golden Knights in overtime thriller

May 9, 2025
Israel's fire still burns: Reflecting on symbolism of remembrance days

Israel’s fire still burns: Reflecting on symbolism of remembrance days

May 9, 2025
  • Education
  • Lifestyle
  • Technology & Startups
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy

© 2024 Todayheadline.co

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business & Finance
  • Corporate News
  • Economic Policies
  • Entrepreneurship
  • Market Trends
  • Crime & Justice
  • Court Cases
  • Criminal Investigations
  • Cybercrime
  • Legal Reforms
  • Policing
  • Education
  • Higher Education
  • Online Learning
  • Entertainment
  • Awards & Festivals
  • Celebrity News
  • Movies
  • Music
  • Health
  • Fitness & Nutrition
  • Medical Breakthroughs
  • Mental Health
  • Pandemic Updates
  • Lifestyle
  • Fashion & Beauty
  • Food & Drink
  • Home & Living
  • Politics
  • Elections
  • Government Policies
  • International Relations
  • Legislative News
  • Political Parties
  • Africa
  • Asia
  • Europe
  • Middle East
  • Artificial Intelligence
  • Cybersecurity
  • Emerging Technologies
  • Gadgets & Devices
  • Industry Analysis
  • Basketball
  • Football
  • Motorsport
  • Olympics
  • Climate Change
  • Environmental Policies
  • Medical Research
  • Science & Environment
  • Space Exploration
  • Wildlife & Conservation
  • Sports
  • Tennis
  • Technology & Startups
  • Software & Apps
  • Startup Success Stories
  • Startups & Innovations
  • Tech Regulations
  • Venture Capital
  • Uncategorized
  • World News
  • Us & Canada
  • Public Health
  • Relationships & Family
  • Travel
  • Research & Innovation
  • Scholarships & Grants
  • School Reforms
  • Stock Market
  • TV & Streaming
  • Advertise with Us
  • Privacy & Policy
  • About us
  • Contact

© 2024 Todayheadline.co