Statement by Francine Lamoriello, EVP, Global Strategies Personal Care Products Council On the Impact of Tariffs on Cosmetics and Personal Care Products from China
July 17, 2018
Washington, D.C. – “The Personal Care Products Council (PCPC) and its member companies remain strongly opposed to any policy that results in increased tariffs on our products. Recently, the Office of the U.S. Trade Representative (USTR) released a new proposed list of increased tariffs, which includes a significant number of cosmetics and personal care products from China.
“Vibrant international free and fair trade is critical to the strength of the personal care industry. It enhances companies’ ability to expand manufacturing and employment in the United States. The Administration’s announcement of a potential 10 percent tariff on $200 additional imports from China, including a significant number of personal care products, negatively impacts this growth, including our ability to trade with China.
“Open markets help companies develop and provide the innovative products that consumers around the world trust and enjoy. These actions by the U.S. Administration against China would undermine the long term competitiveness of our industry, which is significantly dependent on global trade. This will not only hurt our industry but U.S. consumers as well.”