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Cosmetics Industry, Consumers Will Lose Under Latest Tariff Proposal In US-China Feud

 
• By Ryan Nelson

The Personal Care Products Council says US-proposed tariffs on an additional $200bn of Chinese products, including a wide range of cosmetics and vital materials, will undermine American companies’ competitiveness and pass costs along to consumers. The group’s Executive VP-Global Strategies Francine Lamoriello testified on the matter in an Aug. 23 public hearing held by the US Trade Representative.

China USA or United States trade and American tariffs conflict with two opposing trading partners as an economic import and exports dispute concept with 3D illustration elements

US and Chinese trade officials reportedly wrapped discussions in Washington Aug. 23 without any clear breakthrough in the purported fairness issues underlying the countries’ escalating tariff war.

A second round of tariffs on Chinese goods went into effect the same day, bringing the US’ total action to date to $50bn, a figure China has

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More from Business

IFF Offsets Tariffs’ Impact, But Discretionary Product Ingredients Face Risk

 
• By Eileen Francis

New York-based International Flavors & Fragrance, Inc. has shifted procurement to alternative supply sources and is balancing production across its global network in response to US tariffs, though company executives say ingredients for discretionary products face risk.

Coty Lowers FY25 Forecast On Tariff Uncertainty, Inventory Reductions, But Expects Sunnier Days In FY26

 
• By Eileen Francis

Coty lowers its revenue and profit outlook for FY25, though it believes FY26 will be a better year thanks to a return of ‘blockbuster’ product launches, market expansion and mitigation strategies for current economic uncertainties.

Estee Lauder Lowers FY 2025 Outlook, Expects Positive Results FY 2026 On ‘Beauty Reimagined’

 
• By Eileen Francis

The Estee Lauder Companies reported a 10% drop in reported sales during its fiscal third quarter presentation on a 28% decline in travel retail organic sales. The firm, which lowered its FY 2025 sales expectations, says it expects positive growth in FY 2026.

Coty’s Next Phase Of ‘All-In To Win’ Strategy Should Generate $130M Savings

 
• By Eileen Francis

Coty’s ‘All-in to Win’ program enters the next phase, which sets aggressive savings over the next two years in part by simplifying and scaling its operating model, in addition to boosting its innovation impact.

More from Beauty

Unilever Anti-Dandruff Range Responds To ‘Explosive’ Category Growth In China

 
• By Eileen Francis

British company Unilever PLC expands its Clear anti-dandruff collection with a five-product range that targets scalp concerns including oiliness, dandruff and sensitivity.

Estee Lauder Lowers FY 2025 Outlook, Expects Positive Results FY 2026 On ‘Beauty Reimagined’

 
• By Eileen Francis

The Estee Lauder Companies reported a 10% drop in reported sales during its fiscal third quarter presentation on a 28% decline in travel retail organic sales. The firm, which lowered its FY 2025 sales expectations, says it expects positive growth in FY 2026.

Fragrance Industry Unification Hedges Against Tariff Impact – Experts

 
• By Eileen Francis

Fragrance companies and suppliers can draft contracts that ensure the cost burden of tariffs is shared, says attorney David Morrell of law firm Jones Day, during a recent panel discussion, ‘Tariffs in Motion: Insight for the Fragrance Industry.”