Bangladeshi companies witnessed huge responses from buyers at the ‘Texworld NYC 2025’, and the representatives of the companies were busy during the show with trade inquiries from USA and other countries. Texworld NYC, Apparel Sourcing, and Home Textiles Sourcing – the largest textile and apparel sourcing shows on the East Coast – concluded successfully at the Javits Centre in New York City, USA, from July 23 to 25, said a press release on Friday.

The event hosted over 424 international exhibitors from 26 countries and emphasized ethical sourcing, sustainable fabrics, and innovation across the textile, apparel and home textile industries. This summer’s exhibition featured a wide array of global exhibitors from major sourcing regions, offering attendees direct access to premium apparel and textiles.

From cutting-edge materials to sustainable sourcing solutions, the show floor was designed to empower industry professionals with the resources and connections needed to succeed in today’s fast-evolving global market.

Three Bangladeshi companies – 24/7 Sourcing Private Limited, GenXt International and Just James BD Ltd – took part in the exhibition, showcasing the country’s strengths in fashion apparel and denim. Their participation underscored Bangladesh’s expanding footprint in the global textile industry, driven by a strong focus on innovation, quality and cost-effective manufacturing.

Bangladeshi exhibitors presented a diverse range of fashion products and joined leading manufacturing nations such as Pakistan, China, India, South Korea, Taiwan, Uzbekistan, Turkey, Vietnam and Sri Lanka on the global stage.

Bangladesh’s presence at Texworld NYC Summer 2025 reaffirmed its potential as a competitive and reliable sourcing destination, with a strong focus on sustainability, innovation, and high production standards.

Rakib, CEO of 24/7 Sourcing Pvt Ltd, said he was happy with the fair and glad to meet many buyers. Rizvana Hredita, CEO of GenXt International, also shared that the fair went well and they were pleased with the buyer response.

Alphabet’s Google has hired several key staff members from AI code generation startup Windsurf, the companies announced on Friday, in a surprise move following an attempt by its rival OpenAI to acquire the startup. Google is paying $2.4 billion in license fees as part of the deal to use some of Windsurf’s technology under non-exclusive terms, according to a person familiar with the arrangement. Google will not take a stake or any controlling interest in Windsurf, the person added.

Windsurf CEO Varun Mohan, co-founder Douglas Chen, and some members of the coding tool’s research and development team will join Google’s DeepMind AI division. The deal followed months of discussions Windsurf was having with OpenAI to sell itself in a deal that could value it at $3 billion, highlighting the interest in the code-generation space which has emerged as one of the fastest-growing AI applications, sources familiar with the matter told Reuters in June.

OpenAI could not be immediately reached for a comment. The former Windsurf team will focus on agentic coding initiatives at Google DeepMind, primarily working on the Gemini project.

“We’re excited to welcome some top AI coding talent from Windsurf’s team to Google DeepMind to advance our work in agentic coding,” Google said in a statement.

The unusual deal structure marks a win for backers for Windsurf, which has raised $243 million from investors including Kleiner Perkins, Greenoaks and General Catalyst, and was last valued at $1.25 billion one year ago, according to PitchBook.

Windsurf investors will receive liquidity through the license fee and retain their stakes in the company, sources told Reuters. Google’s surprise swoop mirrors its deal in August 2024 to hire key employees from chatbot startup Character.AI.

Big Tech peers, including Microsoft, Amazon and Meta, have similarly taken to these so-called acquihire deals, which some have criticized as an attempt to evade regulatory scrutiny. Microsoft struck a $650 million deal with Inflection AI in March 2024, to use the AI startup’s models and hire its staff, while Amazon hired AI firm Adept’s co-founders and some of its team last June. Meta took a 49% stake in Scale AI in June in the biggest test yet of this increasing form of business partnerships.

Unlike acquisitions that would give the buyer a controlling stake, these deals do not require a review by US antitrust regulators. However, they could probe the deal if they believe it was structured to avoid those requirements or harm competition. Many of the deals have since become the subject of regulatory probes.

The development comes as tech giants, including Alphabet and Meta, aggressively chase high-profile acquisitions and offer multi-million-dollar pay packages to attract top talent in the race to lead the next wave of AI.

Windsurf’s head of business, Jeff Wang, has been appointed its interim CEO, and Graham Moreno, vice president of global sales, will be president, effective immediately. The majority of Windsurf’s roughly 250 employees will remain with the company, which has announced plans to prioritize innovation for its enterprise clients.

Suppliers to Walmart (WMT) have delayed or put on hold some orders from garment manufacturers in Bangladesh, according to three factory owners and correspondence from a supplier seen by Reuters, as U.S. President Donald Trump’s threat of a 35% tariff on the textile hub disrupts business.

Bangladesh is the third-largest exporter of apparel to the United States, and it relies on the garment sector for 80% of its export earnings and 10% of its GDP. The factory owners all said they expected orders to fall if the August 1 tariffs go into effect, as they are unable to absorb that 35% rate.

Iqbal Hossain, managing director of garment manufacturer Patriot Eco Apparel Ltd, told Reuters an order for nearly 1 million swim shorts for Walmart was put on hold on Thursday due to the tariff threat. “As we discussed please hold all below Spring season orders we are discussing here due to heavy Tariff % imposed for USA imports,” Faruk Saikat, assistant merchandising manager at Classic Fashion, wrote in an email to Hossain and others seen by Reuters. Classic Fashion is a supplier and buying agent that places orders for retailers.

“As per our management instruction we are holding Bangladesh production for time being and IN case Tariff issues settled then we will continue as we planned here.”

The hold was not decided by Walmart, Saikat told Reuters, but by Classic Fashion itself.

Walmart did not respond to a request for comment.

Bangladesh is currently in talks with the United States in Washington to try to negotiate a lower tariff. Trump in recent days has revived threats of higher levies on numerous nations.

“If the 35% tariff remains for Bangladesh, that will be very tough to sustain, honestly speaking, and there will not be as many orders as we have now,” said Mohiuddin Rubel, managing director at jeans manufacturer Denim Expert Ltd in Dhaka.

Rubel, whose company produces jeans for H&M and other retailers, said he expects clients will ask him to absorb part of the tariff, but added this would not be possible financially. Manufacturers have already absorbed part of the blanket 10% tariff imposed by the U.S. on April 2.

“Only probably the big, big companies can a little bit sustain (tariffs) but not the small and medium companies,” he said.

Retailers have front-loaded orders since Trump returned to the White House, anticipating higher tariffs. Jeans maker Levi’s, which imports from Bangladesh, said on Thursday it has 60% of the inventory it needs for the rest of 2025.