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Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. While President Donald Trump has delayed the tariffs on Canada and Mexico for another month, tariffs have already been imposed on China. Tariffs on China include a 10% tax, along with closing a loophole that helped boost China-owned brands like Temu and Shein. When a foreign shipment arrives, it goes through customs and gets inspected, and the importer has to pay an import tax depending on the size of the shipment. For almost a century, there’s been a loophole where small packages under a certain value would be exempt from that tax, called “de minimis.” Ten years ago, Congress expanded the exemption to include packages worth under $800. Stores like Temu, Shein, and Chinese drop shippers that sell on Amazon and the TikTok Shop have used the loophole to their advantage. The majority of retailers ship products in bulk to U.S. warehouses as they go through the traditional customs process. Shein and...
A partnership has been announced between fast-fashion rivals Shein and Forever 21.
Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. The Trump administration’s aggressive immigration policies requiring the deportation of 3,000 immigrants a day will have a disastrous effect on the economy, as several industries, such as agriculture, hospitality, restaurants and meat-packing, heavily depend on immigrant labor. Immigrants are a vital part of our workforce, and Immigration and Customs Enforcement’s (ICE) targeting of undocumented immigrants , or those who commit violent crimes, has shown to be misleading since they’re detaining and deporting hard-working people who boost our economy. President Donald Trump, in a surprise reversal, ordered ICE to pause raids and arrests in those industries, according to the New York Times. “Our great Farmers and people in the Hotel and Leisure business have been stating that our very aggressive policy on immigration is taking very good, long time workers away from them, with those jobs being almost...
Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. President Donald Trump’s tariffs have rocked industries across the globe, from manufacturing to fashion and retail. The current crop of tariff policies will do damage to retailers, large and small and one of the retailers that has gotten caught in the crossfire is Nike . Nike has been an American staple in the world of business and fashion since the company was founded in 1964 by University of Oregon track coach Bill Bowerman and his former student Phil Knight as Blue Ribbon Sports. The company originally started as a distributor for the Japanese shoe brand Tiger (now ASICS) but began making its athletic footwear in 1971 and rebranded as Nike, named after the Greek goddess of victory, as reported by The Street. The iconic “Swoosh” logo was designed by Carolyn Davidson, a student at nearby Portland State University, for just $35 as reported by Reuters and became one of the world’s most recognizable...
Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. Recent viral videos on TikTok by Chinese wholesalers are claiming that luxury handbags and other items are made in China . This is a strong assertion when the trade war between the United States and China has consumers thinking about how much more they will have to pay for everyday items, as well as more frivolous purchases. Luxury goods aren’t as necessary when compared to food, clothes, and certain machinery. However, in recent years, consumer purchasing habits have diverged among various generations. Some Millennials and Gen-Z are focused on splurging on regular items like coffee and little treats, so spending money on big-ticket items has taken a backseat. Even so, while luxury goods have a higher mark-up in price based on brand recognition, many still use quality items to construct their products. For example, Hermés, the French luxury house, does not manufacture its bags in China, according...
Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. Trump’s tariffs have upended multiple industries. For bigger companies like Apple and Microsoft, or fast fashion behemoths like Zara, tariffs can be easily avoided by moving their distribution elsewhere. But for smaller businesses that don’t possess the same infrastructure, they don’t have that ability. Most Americans would agree that manufacturing should come back to the United States. Over the past decades, companies have moved their work abroad to take advantage of lower wages and the lack of unions that protect workers from abuses. In short, it’s easier to take advantage of the cheap labor offered in other countries like China, Thailand, and Vietnam. The whole system is inherently problematic, especially when we look at how workers in the United States are constantly berated and not treated properly. Moving manufacturing back to the states will also mean, unfortunately, that prices for goods...
Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. President Donald Trump has gone all in on his tariff crusade, announcing last week a 10% tariff on almost every country with even higher tariffs on specific countries. From beauty and food to car automation , every industry is currently reeling with the stock market dovetailing, and the potential negative aftereffects will be felt for decades to come. However, the now billion-dollar AI industry is at risk of being decimated thanks to Trump’s tariffs. Pro-crypto and pro-AI fanatics have curried a lot of favor with the president, so much so that many of them have been appointed as high government officials to advance America’s standing in the global AI race. Even though Trump has reversed his initial thoughts towards technology, his insistence on tariffs may hurt the AI industry after all. According to Time, AI companies, along with several other industries, lost billions of dollars when the tariffs...
Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. During his second term, Donald Trump has continued to change how the United States operates with its allies. Recently, Trump and JD Vance met with Ukrainian President Volodymyr Zelenskyy at the White House to ease tensions with the current administration and finalize a mineral deal intended to be celebrated following their televised meeting. However, the way Zelenskyy was treated during the exchange was a shocking break from modern diplomatic norms. This incident is just one example of a broader shift—one that becomes clearer as the Trump administration continues to signal a closer alignment with Russia, making its willingness to bully allies increasingly apparent. Previously, Donald Trump claimed that tariffs on Canada and Mexico would be paused before they were set to go into effect earlier this year. CNN reported that he kept to his word and imposed a 25% tariff on steel and aluminum imports...
The fashion industry is a massive global market that relies on consumer demand to shape trends and production. Every purchase a consumer makes influences how fashion brands operate, from luxury houses like Dior to fast fashion retailers like SHEIN . Consumer responsibility plays a major role in the ethical, environmental and labor aspects of the fashion industry. Trends change quickly, and consumers are always looking for the next big style. Social media and celebrity culture drive these shifts, making people want to buy new clothes frequently. For fast fashion this means the priority is to create low-cost, trendy clothing at a rapid pace. Companies like Zara, H&M and Forever 21 design and produce new styles in just weeks, while SHEIN keeps a stable of designers on hand to release new looks daily. This ensures that customers always have something new to buy . However, this system comes with significant consequences. The Environmental Impact Of Fast Fashion (Fernand De...
Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. TikTok is once again finding itself at odds with the U.S government as it fights to stay available here in the U.S. Previously, TikTok had to go up against The Commitee On Foreign Investment In The United States because the company’s ties to China through its owner Bytedance prompted some concerns by the U.S. government for national security. President Joe Biden signed a new law in April 2024 that would force the sale of TikTok to a U.S.-owned entity, or it will face a permanent ban here in the U.S. starting January 2025. TikTok then asked the Supreme Court to place a pause on the potential ban to hear its arguments on why the platform should be able to operate in the U.S. The Supreme Court will hear the start to its arguments on Jan. 10. Today, TikTok is a place not only to discover content but also to engage in commerce. TikTok Shop launched in September 2023 and has quickly become a mainstay...
Love it or hate it, fast fashion is here to stay. Once relegated to the budget-to-median priced stores category, fast fashion exploded in a major way thanks to online shopping . Fueled by constant trend chasing with a caveat for affordable clothing, fast fashion is a billion dollar industry , having earned $106.42 billion in 2022 alone. Experts expect it to reach $133.43 billion by 2026. While there are plenty of valid criticisms regarding the ethical and ecological implications of this retail segment, every year more brands pop up trying to cash in on the endless demand for cheap yet stylish digs. Most people point to more budget brands like Shein or Forever21, but even Swedish staple H&M and Spanish retailer Zara are included when discussing this category. But in the last year, an upstart by the name of Temu has taken the industry by storm and is quickly positioning itself as a potential competitor thanks to dirt cheap pricing and an endless string of available discounts. But how...
Current world events have called for many to begin investing in Black-owned businesses, seeking ways to be an asset to the Black community. In light of this sudden realization, a trend on social media ensued this week that inspired users to reveal the owners behind some of our most beloved beauty-based brands. The owner The brand pic.twitter.com/xF3cxEAWNH — jamika (@jmaack) June 9, 2020 While some were shocked to find out that many brands were not fully Black-owned as previously assumed, the viral trend was adopted by Black owners as a way to uplift their business and applaud others as well. If you’re looking for wholesome Black-owned brands to invest your dollars in, reference the list below: Richelieu Dennis , CEO of Shea Moisture Photo Credit: The Network Journal Meet Richelieu Dennis, the brains behind Shea Moisture – one of the most popular hair care lines on the market. According to Fast Company , Dennis’ company, Sundial Brands, is the umbrella company that...