Proposed 100% tariff on cosmetics imports would result in U.S. job losses -- CTFA testimony.
This article was originally published in The Rose Sheet
Executive Summary
CTFA CITES BROAD ECONOMIC REPERCUSSIONS FROM 100% TARIFFS ON COSMETICS in testimony objecting to a U.S. proposal to impose such duties on cosmetics imported from Europe. "The cosmetic industry should not be the vehicle for trade retaliation because of its impact on so many sectors of our economy," CTFA President Edward Kavanaugh stated at a Nov. 21 International Trade Commission public hearing in Washington, D.C. The hearing was held before the Section 301 Committee, comprised of representatives from eleven federal agencies concerned with U.S. trade issues.