SMART Conference Recap
The recent SMART Annual Convention 2025 in Dubai brought together global leaders in textile recycling, sustainability, and the secondhand clothing trade. One of the key takeaways was expert data proving that secondhand exports to Africa and South America are not “waste” but instead resold, playing a crucial role in these economies. These discussions reinforce the importance of a sustainable and ethical secondhand industry.

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Industry Reports & Highlights

• A recent report from the United Nations Conference on Trade and Development (UNCTAD) and the Sustainable Manufacturing and Environmental Pollution (SMEP) Programme, highlights the growing role of secondhand clothing in the global economy, dispelling misconceptions that used textiles are merely waste. The report emphasizes that secondhand clothing trade supports local economies, creates jobs, and provides affordable clothing options while reducing environmental impact. It also addresses regulatory challenges and the need for policies that balance trade and sustainability.
  Read the full report

• Bank & Vogue’s Co-founder, Steven Bethell, was recently featured in an article discussing his appointment to the board of the Secondary Materials and Recycled Textiles Association (SMART). This recognition highlights the ongoing leadership and advocacy for a circular economy.
  Read the full article

Update: Trade and Tariff Developments in Canada, Mexico, and China
Recent tariff announcements have stirred uncertainty in the North American trade landscape, with potential economic implications for various industries, including secondhand textiles.

• United States’ Tariff Actions: On February 1, 2025, the U.S. government announced a 25% tariff on all imports from Canada and Mexico, citing national security concerns. However, after negotiations, these tariffs have been temporarily paused for 30 days, pending Canada and Mexico’s increased border enforcement measures. Meanwhile, a 10% tariff on imports from China went into effect on February 4, 2025, as part of broader trade policy adjustments. (Source)
• Canada and Mexico’s Response: Canada has strongly opposed the proposed tariffs, emphasizing the importance of maintaining a stable trade relationship and exploring potential retaliatory measures. Mexico has also condemned the tariffs and agreed to enhance border security efforts in hopes of avoiding economic disruptions. (Source)
• China’s Countermeasures: In response to the new U.S. tariffs, China has expressed strong opposition and is expected to introduce retaliatory tariffs on U.S. goods, further escalating global trade tensions. (Source)

While these tariffs do not directly target secondhand textiles, industry leaders are monitoring the situation closely as increased trade barriers could impact supply chains, costs, and market stability. We will continue to provide updates as the situation evolves.

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