HBW Insight is part of Pharma Intelligence UK Limited

This site is operated by Pharma Intelligence UK Limited, a company registered in England and Wales with company number 13787459 whose registered office is 5 Howick Place, London SW1P 1WG. The Pharma Intelligence group is owned by Caerus Topco S.à r.l. and all copyright resides with the group.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction

Essential Oils Off EU Imports Tariff List In Trade War Win For Fragrance Creators

Executive Summary

Essential oils no longer on list of products slated for EU tariff increases effective 18 October, a win for US fragrance industry facing uncertainty in tumultuous global trade climate. Fragrancy industry, like dietary supplement manufacturers, still face higher tariffs on imports from China as next round of hikes is scheduled to start 15 October.

You may also be interested in...



Beauty News In Brief: Estee Lauder’s Biotech Deal; Morphe Becomes FORMA Brands; More

Morphe Holdings has taken a new name, strengthened its leadership team and announced two new brand additions to its growing, multi-category beauty portfolio. Meanwhile, Lauder is partnering with Atropos Therapeutics to discover senomodulators with potential anti-aging benefits, and Fragrance Creators Association again successfully prevents tariffs on essential oil imports from the EU.

Tariff Hikes On Chinese Imports Still In Play As US Plans December Increase

Trump administration negotiations with China representatives led to US suspending tariff increase to 25% on product categories announced set to begin 15 October. But 15% tariff added in September on about $112bn worth of Chinese goods remains and US still plans in December to impose separate 10% tariff hike on $160bn in other products.

Industry Braces For Holiday Tariff Impacts As US-China Trade War Continues

“With some products facing tariffs as high as 30%, many businesses will have no choice but to pass along those costs to consumers,” an industry coalition called Americans for Free Trade asserted in an August letter to President Donald Trump in response to proposed escalations of tariffs on Chinese goods. “Price increases will likely hit shoppers just as they are making their holiday purchases,” the group noted.

Related Content

Topics

Latest Headlines
See All
UsernamePublicRestriction

Register

RS149296

Ask The Analyst

Ask the Analyst is free for subscribers.  Submit your question and one of our analysts will be in touch.

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel