U.S. Defense Secretary Pete Hegseth has asked some parts of the military to propose what could be cut as part of a potential 8% spending reduction for them over each of the next five years, U.S. officials said on Wednesday, although it was unclear if the total defense budget would shrink.

President Donald Trump's recent tariff threats may be bolstering China's appeal within the apparel sourcing arena.

The rapid-fire shots of tariffs and import curbs hearken back to Trump’s first term in office, when the U.S. and China engaged in a trade war that spanned most of Trump’s first four years in office and was continued to a certain extent under his successor, Joe Biden.