MIAMI, April 3, 2025 /PRNewswire/ — Canal Road Group, LLC (CRG) has secured a new $250 million credit facility agented by Sumitomo Mitsui Banking Corporation (SMBC). The facility will be used to employ back leverage on CRG’s private credit portfolio and complements a similar $250 million…

WASHINGTON, April 3, 2025 /PRNewswire/ — Former ambassador to the European Union Gordon Sondland, represented by Mouth Digital Public Relations, and the U.S. government have settled a lawsuit over attorneys’ fees incurred during Sondland’s testimony before the U.S. Congress in the 2019…

The textile and apparel industry woke up today facing more questions than answers. Business leaders around the world are scrambling to understand the immediate and long-term implications of President Trump’s announcement of substantial global tariffs, particularly as only 3% of apparel sold in the U.S. is manufactured domestically.

While the economic and logistical impacts are significant, it is essential we also recognize the profound human implications of these tariffs. Thousands of workers and their families across countries like Vietnam, Bangladesh, India, Cambodia, and China rely on the textile and apparel industry for their livelihoods. Sudden disruptions caused by these tariffs could undermine decades of progress in social and economic stability, pushing vulnerable communities deeper into poverty.

We live in a globally interdependent world. Responsible business practices and quality manufacturing are not confined within any single country’s borders, including the U.S. As our industry navigates the turbulence ahead, maintaining strong international partnerships rooted in mutual respect and pragmatism is critical.

Farmers, factories, manufacturers, logistics providers—every stakeholder along the supply chain deserves responsible, thoughtful management and sustained investment. Now, more than ever, industry leaders must unite in collective advocacy to ensure global trade policies support not just economic stability but also environmental sustainability and social equity. Sustainability remains a business imperative.

As we respond to this challenge, our collective action must remain firmly focused on safeguarding livelihoods, advocating for fair and sustainable trade practices, and ensuring that economic policies recognize their human impact. Together, we can and must ensure that our global industry’s future is resilient, responsible, and inclusive for all, now and in the future.

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