Trump’s Tariffs: Beauty’s Winners and Losers
Donald Trump
President-elect Donald Trump’s idea to ratchet up tariffs on foreign-made goods could mean a hit to supply chains, margins and overseas sales for beauty brands like E.l.f. Cosmetics and Jolie. Incoming US president Donald Trump has signalled his intent to increase tariffs on Chinese-made goods to 60 percent, and floated the possibility of wider tariffs on foreign-made goods from other countries. Many beauty companies rely on China for raw materials and components, while some, like E.l.f
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