Uniqlo owner plans price hikes after higher tariffs

Open this photo in gallery: SHENZHEN, CHINA – APRIL 12: Pedestrians walk past a Uniqlo flagship store with large glass windows displaying mannequins and clothing items, while shoppers can be seen browsing inside the brightly lit interior, on April 12, 2025 in Shenzhen, China. China has imposed a new round of retaliatory tariffs on U.S. imports, raising duties to 125% in response to the latest escalation by the United States, which increased tariffs on Chinese goods to 145%. The growing trade tensions have further impacted China’s export sector, affecting key industries such as logistics, manufacturing, and cross-border e-commerce. The measures…