Global Scans · Beauty & fashion · Weekly Summary

WHAT'S NEXT?: Wearables, 3D printing, sensors and other technological advancements are likely to change the world of perceived beauty and fashion towards more integrative, online services. Find out how body scanners and conductive clothing will help us live better, more healthy lives and the downside risks emanating from those who would seek to interfere with them.

• [New] The impact of tariffs, immigration policies and the growing US deficit will likely keep US economic growth below 2%, although with the pause in tariff implementation and the enactment of the One Big Beautiful Bill, the near-term risk of recession has subsided. 1919 Investment Counsel
• [New] A last-minute change to the tax code in the Big Beautiful Bill - also known as H.R. 1 - will dramatically change how gambling winnings are taxed in the United States starting in 2026. Unabated Sports
• [New] The last two decades of relaxed fiscal policies and shifts in the demand structure have now put the US in a precarious position, and one which could be exacerbated by the passage of the 'Big Beautiful Bill'. Gold Eagle
• [New] National Hair & Beauty Federation applauds reclassification of popular treatments as lower-risk procedures and welcomes the Scottish Government's decision to reclassify several popular procedures following its consultation on the regulation and licensing of non-surgical cosmetic procedures. National Hair & Beauty Federation
• [New] If the U.S. imposes a 10% tariff, consumers could see higher prices on a range of products, from electronics to clothing. County Local News
• [New] The U.S. fiscal outlook is deteriorating, with the One Big Beautiful Bill projected to increase the federal deficit by $2.7 trillion over the next decade, and a sustainable path will require multi-pronged, gradual deficit reduction over many years. TIFF
• [New] Trump has already green-lighted the Global Currency Reset of 209 Nations to Gold / asset-backed currencies, which will be legally implemented upon his signature on the Big Beautiful Bill that has been passed by both the House and Senate. Operation Disclosure Official
• [New] Considering the US government's renewed efforts to pass its fiscal package, the Big Beautiful Bill, through Congress, fiscal risks are expected to resurface. Invezz
• On Thursday, the US House of Representatives passed the 'big beautiful' bill that could increase national debt by $3.3 million, makes tax cuts for Trump's first presidency permanent, and cut Medicaid. FinExtra
• National Debt The Congressional Budget Office projects that Trump's proposed One Big Beautiful Bill Act, which extends 2017 tax cuts and increases borrowing, will add $3.3 trillion to the U.S. national debt by 2034. FrankNez
• Q2 saw increasing volatility for US bonds due to growing concerns around US fiscal policy and debt sustainability as bond markets focused on the implications of the big, beautiful tax bill, which could add between $3 and $5 trillion to US Federal debt over the next 10 years. EXANTE Next Generation Investment Company
• Even more rural hospitals might be in trouble if Congress passes the huge piece of legislation before it, called the One Big Beautiful Bill Act, which includes significant cuts that would slash Medicaid spending in rural areas by $119 billion over 10 years. Time
• Further price increases above $3,500 per ounce could lead to reduced demand in the jewelry sector, particularly in price-sensitive markets such as India and China. Discovery Alert
• The circular economy offers substantial economic potential; estimates suggest that global economic gains could reach $192 billion by 2030 if circular practices are widely adopted in the fashion industry. Nature
• President Donald Trump's big beautiful bill would make sweeping changes to U.S. health care, leaving millions of vulnerable Americans without health insurance and threatening the hospitals and centers that provide care to them. NBC San Diego
• Europe is expected to grow at the fastest rate in the coming years, driven by its long-standing tradition of skincare excellence and the recent surge in biotechnology adoption. Precedence Research
• Key Medicaid provisions in the One Big Beautiful Bill Act would result in a $50.4 billion reduction in federal Medicaid spending on rural hospitals over 10 years and 1.8 million individuals in rural communities losing their Medicaid coverage by 2034. American Hospital Association | AHA News
• While early share volatility is expected, medium - to long-term investors may find strong value in its potential to capitalize on India's branded fashion growth. News4You
• Tariffs could put a damper on fast fashion consumption in the United States, fashion giant Shein leased a warehouse for operations in Vietnam, perhaps mitigating risks associated with fluctuating U.S.-China trade tensions. Yahoo
• Neem's potential in creating biodegradable pesticides, antiviral agents, and eco-friendly personal care products is being actively developed by industries worldwide. Blogger
• In recent years, certain excavations within the Tohoku region have led researchers to hypothesize that tattooing in Japan could predate earlier assumptions by centuries. JapanChangeMoney.com
• In the short term, the FTA is expected to drive a sharp rise in trade volumes: more Indian garments, home textiles, and technical fabrics in UK stores, and increased visibility of British fashion and specialty textiles in India. Fibre2Fashion

Last updated: 14 July 2025