Chinese exporters are heartened by lower US tariffs following a summit between leaders of the two economic superpowers Thursday, but say they’re still keen to hedge exposure to any future setbacks in bilateral trade ties.
Bloomberg
For buyers and sellers alike of consumer goods in the US, the risks of relying solely on China for production for everything from fast fashion to holiday ornaments have begun to outweigh the country’s edge as a low-cost production hub.
Even with the trade truce, US retailers aren’t likely to reconsider plans to move supply chains out of China and Chinese manufacturers are committed to expanding exports to markets beyond the US to limit their vulnerability.
“The tariff cut buys us more time,” said Huang Lun, sales manager at a Guangzhou-based retailer that sells underwear and yoga pants through online retailers including Amazon.com Inc., Shein Group Ltd. and PDD Holdings Inc.’s Temu.
While American buyers made up 80% of his company’s total annual sales last year, Huang’s firm initially sought to lower that dependence on the US to just 20% with growth in other markets. An unexpected surge of sales before tariffs kicked in upended that goal this year, but shifting away from the US is “the only way to reduce trade risks for the long term,” he said.
Chinese President Xi Jinping and US President Donald Trump announced the trade détente after their highly anticipated meeting in South Korea. As part of their agreement to ease tensions, the Associated Press reported Thursday the US agreed to lower tariffs on Chinese imports to 47%, down from 57% previously — and well below a threatened 157% levy.
While that’s higher than the rate US has levied on other Asian nations such as Vietnam at 20%, Chinese exporters say that production at home is more competitive due to China’s established manufacturing eco-system and skilled workers.
Several Chinese exporters Bloomberg News spoke with were optimistic the improved trade relations will result in an uptick in order flow between the world’s largest economies, bolstering profitability for businesses that have been squeezed by US tariffs of more than 50% in recent months on imports from China.
“We are going to get better deals with US clients,” said Andre Huang, a sales manager working for a firm selling household cleaning products like mops from Ningbo, an export base in eastern China.
The company’s expansion in the US has been stalled by the high tariffs imposed earlier in the year, but Huang noted things have started to brighten up lately amid growing expectations for a breakthrough at the Trump-Xi summit. He said more American clients showed up for a trade fair currently being held in Guangzhou than did for a similar event just a few months ago.
Yet the prospect of more business in the US no longer excites Chinese exporters as it once did. Many said they’ve learned their lessons from Trump’s trade brinkmanship and now realize they can’t rely solely on access to the world’s biggest consumer market.
The push into markets beyond the US already is evident in China’s trade data. The country is on track for a record $1.2 trillion trade surplus this year as shipments to Europe, Africa and other parts of Asia offset a slump in exports to the US.
At the same time, many buyers in the US have begun to rethink their dependence on a China-based sourcing strategy. They’re asking suppliers to set up manufacturing operations outside of China, even if it means higher costs and lower efficiencies in the near term.
For Lin Qian, who runs factories making toys in both the southern China boomtown of Shenzhen and in Vietnam, the lower US levies mean his Chinese factories will continue to handle the bulk of orders from US clients in the near term. But longer-term, he sees a shift away from China to steer clear of further disruption.
“Both us and our clients are clear the diversification pace won’t change as the China-US relationship is still tricky,” he said.
Establishing a production facility in nearby Vietnam is non-negotiable for a company that counts US toy brands for three-quarters of its revenue. Those clients, who Lin wouldn’t specify, threatened to stop placing orders altogether earlier this year unless he moved more production to the Southeast Asian country.
Production at Lin’s toymaking factory in Vietnam finally kicked off in September, three months later than expected. “Challenges are obvious.” he said, adding “we really have to leave our comfort zone.”
Having factories both at home and abroad has provided more of a sense of security for many China-based exporters.
“We’re no longer afraid of ups and downs in tariff rates,” said Barry Shan, whose company currently makes holiday ornaments for Walmart Inc. at its factory in eastern Chinese province Zhejiang. He will soon do the same at a new plant in Cambodia.
Even Chinese exporters who still want to maintain the US as their primary market, diversifying production outside of China is viewed as essential to staying competitive.
“Everybody is diversifying,” said Shanghai-based freight forwarder Keven Chen. “It’s now an industry consensus that US market can’t just rely on China’s supply chain, while Chinese manufacturers can’t merely count on the US market.”
Against the prevailing mood in the United States he so loves, Kinji Teramoto refuses to turn inward. Hence, the man who refers to himself as the “archivenist” — a term he coined — and who has revived the iconic American labels Big Yank and Rocky Mountain Featherbed, is bringing them with him to 30 Galerie Vivienne, in Paris’s 2nd arrondissement. Open from January 20 to 28, the pop-up will primarily showcase RMFC and its down-filled garments, better suited to the current season, with Big Yank shirts taking a back seat.
Kinji Teramoto, passionate “archivenist” and reviver of heritage brands – 35IVE Summers
On arriving in Paris, Teramoto hopes to blend Tokyo’s gentle spirit with the cool elegance of the French capital. This trip from Japan follows the arrival in 2025 of the European branch of 35IVE Summers, the brands’ parent company, in Paris. Accordingly, the success of this pop-up store will determine whether the two labels secure a lasting presence on Parisian streets, a long-standing project for Teramoto and his teams.
A Paris outpost in the pipeline?
Paris represents a particular opportunity for the “archivenist”, not least because his partner at Anatomica, Pierre Fournier, is based there. The City of Light is also an ideal place to raise the profile of RMFC and Big Yank. The two American brands, founded in the late 1960s and in 1919, respectively, were acquired by 35IVE Summers in 2005 and 2012. Based on a series of pieces acquired by Teramoto, both labels have been relaunched with products that marry heritage and modern, Japan-based manufacturing. Should a permanent presence be established, 35IVE Summers would even look to produce locally the pieces sold in Europe, embracing a local production-and-distribution model.
Rocky Mountain Featherbed will take centre stage – Rocky Mountain Feathebed
All of this is underpinned by a highly unusual development cycle. “Garments made in one or two months are incomplete,” Teramoto explained. “We create patterns and produce samples at least three times, then personally try the finished items and wear them for at least six months to observe how they age. This process is our 18-month commitment,” he continued.
Passing on to future generations
The “archivenist”, who rejects the label of collector, believes that every vintage piece carries meaning, having endured through time.
“I only collect what I can truly bring back to life. […] My aim is for the next generation to wear these pieces and in turn pass them on to the next,” he added.
What’s more, RMFC and Big Yank pieces, which revisit designs several decades old, feed the vintage market and will once again be unearthed by new generations.
Big Yank was founded in 1919 by Reliance Company in Chicago – Big Yank
Teramoto’s wish to preserve the aesthetics of archival pieces springs from his passion for the labels he has brought back to life: “What these two brands created was truly iconic. What I felt at the time became my business, beyond mere commercial viability,” he confides. “At the time, I could never have imagined that the pieces I created from these archives would be embraced by the global market.”
RMFC and Big Yank have not only been reborn; they are thriving. Rocky Mountain Featherbed closes 2025 with significant growth in Europe and the Americas, with sales in Japan also on the rise.
Big Yank, meanwhile, is seeing its sales climb in Japan, according to Teramoto. In 2025, the brand appointed BerBer Jin’s Yutaka Fujihara as creative director, a move that “is currently attracting strong interest, at least in Japan.”
He is expected at the Paris pop-up store “to increase brand awareness in Europe and the Americas.”
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From its elegantly appointed 1,000-square-metre showroom at 11 Via Uberto Visconti di Modrone in Milan, which showcases the brand’s entire universe, high-end clothing and accessories label Eleventy presented its Autumn-Winter 2026/27 collection, marked by colours new to the house, an expanded assortment—especially in footwear—and the use of new raw materials such as vicuña, as revenue stabilises and new store openings are readied, starting in Chicago.
Eleventy, Autumn-Winter 2026/27
“It’s an important year for us, one in which we wanted to reinvent ourselves, because we believe it’s right to go back to being special,” Marco Baldassari, who continues to lead the brand he owns as CEO, tells FashionNetwork.com. “We had certainly spent many years operating in our comfort zone, with light colours, which by now are no longer distinctive. So we wanted to introduce new, more sophisticated, darker colours and silhouettes that are new to us, to differentiate ourselves once again from what the market offers.”
“The inspiration for the collection,” Eleventy’s CEO continues, “begins with an inner journey of reconnection with nature, which becomes our stage.”
Brown, therefore, assumes a central role in Eleventy’s wardrobe, as do very deep, almost black greys—like the winter sky—alongside forest greens and burgundy.
“This change has been noticed and, I must say, warmly received by buyers, also because I think it’s right to rekindle the desire of a consumer who perhaps had found the market a bit flat, lacking truly new propositions, where everything seems interchangeable,” the entrepreneur notes.
“It’s one of the contributing factors to this global downturn in fashion and luxury sales. More than tariffs, which in my view have somewhat distracted from the real issue—the strengthening of the euro, alongside the weakening of the yen and the dollar—pricing has certainly played a part, and in many cases the end consumer has not found it justified. With a very balanced price-to-quality proposition, Eleventy has not been particularly affected by this phenomenon. I hope this new collection of ours will reignite a great deal of desire, because we have completely reinvented ourselves, including in terms of fit and aesthetic.”
Eleventy, Autumn-Winter 2026/27
Eleventy, which in late 2025 opened its first flagship in Lisbon, will continue its programme of monobrand openings in 2026. The most significant will be in Chicago, in the United States.
“The U.S. is our most important market, thanks also to the mentality of the American consumer, who tends to spend more and is more inclined to purchase than the European customer,” Baldassari observes.
Eleventy currently employs 200 people and has 18 monobrand stores managed directly from headquarters, plus 22 with franchise partners, for a total of 40 monobrand stores. In the multibrand channel, the Milan-based label is carried in around 300 carefully selected doors worldwide.
“To be special, and thereby sell a quality product, you also have to be more selective in distribution, sometimes sacrificing opportunities in favour of a longer-term vision,” the CEO said.
The womenswear collection is growing within Eleventy’s business; today it accounts for 25 per cent of revenue, with turnover rising to 127 million euros from approximately 100 million in 2024 (it was 43 million euros in 2022 and 65 million in 2023, ed.), with 18 per cent generated in Italy and 82 per cent abroad. After the US comes the Middle East, Europe overall, and Asia, where Baldassari highlights South Korea and Japan as growth markets, while China remains to be defined.
Eleventy, Autumn-Winter 2026/27
The agreement between the European Union and Mercosur to further liberalise trade between them “is certainly a new opportunity that we will not fail to evaluate with great attention and interest,” said the founder, in the presence of Gianmarco Tamberi, who has officially become Eleventy’s new brand ambassador.
“The choice of Gianmarco Tamberi is due to two fundamental reasons. First, we are Italian and we want to bring Italy to the world, which an athlete like him represents excellently. Second, the alignment of our respective values: to achieve the results we have, we have made many sacrifices, with hard work, consistency, commitment and discipline. These are all elements that unite our paths,” the founder continued.
Since in recent years fashion has first seen the rise of tennis-inspired style and then that of skiing (preceded about fifteen years earlier by golfwear and polowear), can athleticwear be trendy in the coming years as well?
In other words, will athletics succeed in conveying its values to the general public, as it has almost never managed to do in the past? “Achieving results certainly helps to spur similar developments,” Tamberi replies.
“We were coming out of a period (from around 2000 to 2015) when athletics had a huge void of champions in Italy. Now something has shifted, especially since the Tokyo 2020 Olympics, after the famous five gold medals we managed to bring home. Results can allow the personalities who achieve them to emerge; otherwise it’s difficult to bring a movement to public attention. Today, many young people in athletics are coming through,” explains the high jumper, who in his discipline has won at least once everything there was to win, having been Olympic champion at the Tokyo 2020 Games, world champion in Budapest 2023, world indoor champion in Portland in 2016, and three-time European champion (2016, 2022, 2024), not to mention victories at the European Indoors and two Diamond League finals reached.
Eleventy, Autumn-Winter 2026/27
“The collaboration with Eleventy came about very naturally, as we share similar values,” confirms the Ancona-born athlete. “For a few years I had the honour of being a Giorgio Armani ambassador, whom I take this opportunity to thank and acknowledge. When that partnership ended, several companies came forward to have me as a testimonial, but I couldn’t find any that resonated with me and with what I want to represent and communicate. Then Marco Baldassari got in touch. And everything clicked into place naturally.”
Founded in Milan in 2007 by Marco Baldassari and Paolo Zuntini, joined in 2009 by Andrea Scuderi, and now majority controlled (65 per cent) by the Fashion Cube fund—a holding company composed of the VEI Capital fund and a Gulf financial group that controls all the sales networks of the high-end apparel and accessories company—Eleventy works exclusively with natural Italian materials and 100% made in Italy production. Present in more than 30 countries, it also has directly operated stores in cities such as Milan, New York, Paris, Tokyo, Seoul and Dubai.
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After a 2025 marked by confirmed trends, Luxurynsight and Heuritech unveil their 2026 trend calendar, revealing a fashion landscape centred on sustainability, textures, volumes and statement pieces.
Last year, several signals stood out: suede, boat shoes and the colour cinnamon far exceeded expectations, as did the Euro summer theme, which propelled buttermilk yellow alongside gingham and oversized polka dots. These latter trends recorded growth of between +17% and +87%, confirming their rapid adoption and long-term potential, while the “city boy” aesthetic—with its vertical stripes, raw denim and cylindrical “duffle” bags—left its mark on urban menswear, signalling an appetite for versatile, functional silhouettes inspired by major global metropolises.
DR
For 2026, the calendar highlights month-by-month trends, each with its own growth forecast. January opened with fur detailing, turning fur into subtle accents on collars, hems and accessories, with visibility forecast to rise by +15% in the first quarter and over the next twelve months.
February spotlighted leather trousers, seen on red carpets and sports grounds, with growth forecast at +8% in the first quarter and +2% over the year, while animal prints and croc-embossed leather complement the masculine aesthetic.
March was dominated by raw denim, appearing in trousers, jackets and monochrome silhouettes, with growth of +11% in the first quarter and +9% over the year. In April, performance football trainers benefited from anticipation of the World Cup, with +12% forecast for the second quarter and +14% over twelve months, while pink trainers emerge as a distinct phenomenon at +19%.
May spotlighted loafers, reinterpreted in suede with playful details such as laces, forecast at +15% in the second quarter and +14% over the year, with suede continuing to gain ground across all categories of footwear. June saw the emergence of shades of green and yellow, “greenfinch” for men and “pickle green” for women, with growth of +15% and +7% respectively—versatile colours suited to sportswear and urban pieces—while tones such as aqua green are set to stand out.
July highlighted draping, celebrating volume, fluidity and sculptural forms across blouses, skirts and trousers, with +5% expected in the third quarter and +7% over the year, while draped tops and dresses reach +15% and +12%. August showcased irregular, tennis-inspired horizontal stripes, forecast at +10% in the third quarter and +5% over twelve months, creating a strong, modern motif.
DR
September introduced structured bags, with +10% visibility in the third quarter and +18% over the year, adopted particularly by consumers seeking a minimalist yet sculptural style. October spotlighted flat-lock stitching details, bringing a technical and graphic finish to silhouettes, forecast at +19% in the fourth quarter and +1% over twelve months.
November confirmed the rise of large polka dots, an oversized and photogenic print, expected to grow by +147% in the fourth quarter and +43% over the year, driven by links with contemporary art and visibility at events such as Art Basel Paris.
Finally, December saw the return of tartan, with +16% for men and +12% for women over the year, incorporating coordinating pieces and varied silhouettes from accessories to over shirts, confirming the relevance of reworked classics in a unisex and sustainable winter wardrobe.
The use of artificial intelligence and machine learning algorithms enabled this study to detect emerging signals and anticipate consumer behaviour. The combination of quantitative precision and qualitative expertise ensures actionable forecasts, offering brands a strategic guide to meeting the expectations of a demanding audience attuned to the stylistic coherence and sustainability of their fashion choices.
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